How we bought our house without interests (full recording)

[LetsCook2gether]

What I dont understand is.

If I want to buy a house I need to borrow money right?

So who is going to borrow me money without intrest? The kafir banks?

Or do they use their bonds? See videos on A4V here on youtube

and winston shrout about solutions in commerce.

The truth is there is no money. Lawfull money is gold and silver

Can some one tell me how its possible to buy a house?

BarakAllahoefiek

[aminahmuminah]

masha allah barak allahu feeki for shareing your succes and knowledge

[o000Adam000o]

Salam

Search for Q/A: Mortgages? RESP plans? in youtube

The above link from "let the quran speak" refers to "reputable scholars" who state that the 1st mortgage ( the home you will live in) is permissible. They say that the TAKING of interest is haram, but the GIVING of interest is a contributing factor and sometimes cannot be escaped (e.g. student loans). Is this correct?

@"Livinghalal" Wouldn't it be better to publish a FREE guide to help people rather than make $27 for ebooks?

[o000Adam000o]

Salam

Search for Q/A: Mortgages? RESP plans? in youtube

The above link from "let the quran speak" refers to "reputable scholars" who state that the 1st mortgage ( the home you will live in) is permissible. They say that the TAKING of interest is haram, but the GIVING of interest is a contributing factor and sometimes cannot be escaped (e.g. student loans). Is this correct?

@"Livinghalal" Wouldn't it be better to publish a FREE guide to help people rather than make $27 for ebooks?

[josg11]

im only 30 mins thru but renting from the owner is still technically dealing with riba because that rent money is used by the owner to pay off the mortgage they took out. Unless the owner has paid off the mortgage then renting still involves involved with riba. thats why you see renting costs go down when interest rates are really low like they are now.

[ismailcason]

Assalamu Alaikum; I would like to know whether or not you have a deed that is recorded with the city of the location that you live, and if your municiple taxes are being billed to you, as the owner of the property, with your sell as the lien holder?

[ismailcason]

Assalamu Alaikum, Wa Rahmatullah, This is a very interesting subject, and inshallah, others will take advantage of this information. I would like to know whether or not the house was used as collateral for the refinancing of the house by the original buyer?

[mir200999999999]

I requests all muslim brothers to consult with an Alim before going in any halal method advertised in internet. please be very careful

[mir200999999999]

I read the book. refinancing does not gurantee the seller the full ownership in islamic rule. he may gain ownership in US law but Interest is also valid in US, this does not mean interest is hahal. The seller got refinance money based on the house, he has obligation to the refiannce lender. You are encouraging him to pay interest from another loan rather than his current loan. His loan still reamins on the house but you still bought it. Stop the fraud please!don't even give this book free.

[livinghalal]

Thank you for elaborating your previous comment.

So, the issue goes back to selling something you don't own.

Disclaimer: Please consult a professional/scholar before you apply any advice.

[mir200999999999]

i request livinghalal please have a scholar in your circle and review everything you post in any web in the name of islam. do not say halal anything before verifying it. otherwise you will be responsible to Allah to mis

guide your fellow muslim brothers.

[livinghalal]

JazakAllah Khairun for genuine concern. May Allah (SWT) reward your intentions for wanting to enjoin what is good and forbid what is evil for His sake.

As for your points:

1. Although we charge $27 for the e-book, we have said and will continue to say that our No. 1 goal in this project is to get as many people as possible out of interest for the

[livinghalal]

It is our future goal to work with other organizations such as livinghalal to establish a halal loan fund where 100% of our proceeds will to such fund. Also brother, we offer a 100% money back guarantee. So please if you are not satisfied with your purchase email us at the above address and we will refund you your money.

[livinghalal]

2.  As for the re-finance, if you carefully read through the contracts we have scanned for you in the e-book you will see that the loan does not remain on the house. According to our contract (again, in the e-book) the house is not and cannot be collateral for the sellers and they are not allowed to 'borrow' on the house. Therefore, they do not have an obligation to the

[livinghalal]

refinance lender based on our house. The house is paid for completely by them. The contract for our home is strictly between us and the sellers. There is no longer a loan on the home. The bank is not involved.

We stressed in the e-book the importance of not having a third party in the contract because Islamically, as I'm sure you know, this is not allowed. The sale would not have been allowed by the bank if there was still a mortgage on the house and that is why the sellers had to refinance.

[livinghalal]

Prior to publishing this e-book we consulted with many trusted Alims (inlcuding a Sheikh who is a graduate from the University of Madinah). The last thing we want to do is encourage anything that is wrong and so we will continue to consult with Alims and scholars with any issues that may arise in the future. If in the event we find there is something wrong we will immediately revise the e-book and contact all individuals who have purchased the e-book in the past.

[livinghalal]

May Allah (SWT) guide us all the straight path and build for us mansions in Jannah far more beautiful then any home we can even dream of purchasing interest free in this world! Ameen

[end of reply of the authors]

[o000Adam000o]

@livinghalal

Salam

Search for Q/A: Mortgages? RESP plans? in youtube

The above link from "let the quran speak" refers to "reputable scholars" who state that the 1st mortgage ( the home you will live in) is permissible. They say that the TAKING of interest is haram, but the GIVING of interest is a contributing factor and sometimes cannot be escaped (e.g. student loans). Is this correct?

[o000Adam000o]

@mir200999999999

Salam

Search for Q/A: Mortgages? RESP plans? in youtube

The above link from "let the quran speak" refers to "reputable scholars" who state that the 1st mortgage ( the home you will live in) is permissible. They say that the TAKING of interest is haram, but the GIVING of interest is a contributing factor and sometimes cannot be escaped (e.g. student loans). Is this correct?

[mir200999999999]

i bought the book and read it all. this is the number one fraud by a muslim can ever make. If you deal with haram and admit it then there is a chance that one day you repent and come back but if you tell a haram thing as halal then you are doing double sin and it is very hard to return from that arrogance like iblis, please stop selling this book and fear Allah, Almighty

[mir200999999999]

why are you charging money to get the halal method. is not it your obligation to help other muslim brothers, then why are you selling it 27 dolars ?

[livinghalal]

haha, your very argument can be applied vice versa too.

Why not help a Muslim couple for the efforts they put to compile a book? Do we go to Amazon and expect them to give us for free?

As for those who can afford buying a house but can't afford buying the ebook, please contact them, they will give it for free as long as the person is serious to read the book.

Finally, from my understanding all proceeds go into a Qardh Hasan project.

[mir200999999999]

please consult an alim.I may be wrong but my little knowledge tells me the seller is double dealing. mortgage meaning seller has bindings with bank although it is legal to sell and contract but it seems nonislamic.If I borrow money from one and keep my watch to him as mortgage, how can i sell that until I get it back? Bukhari Volume 3, Book 34, Number 342:

Ibn 'Abbas said, "Allah's Apostle forbade the selling of foodstuff before its measuring and transferring into one's possession."

[livinghalal]

This reply from knowInterest:

Yes, that is correct. Islamically you cannot sell something you do not own. Even in the US there are such stipulations, such as the Due on Sales Clause that we discuss in our e-book. In our case the sellers made arrangements to pay off the home. There was no longer a mortgage on the home, and they owned the home.

[livinghalal]

Reply continues:

That is the only way they were allowed to legally sell the house to us, and that is the only way we would agree to the sale as well, because as you said, Islamically they must own the home in order to sell.

[imtiyazmatrix]

Amlaki with DubaiIB

[ArthurDavis89]

I don't see how this can work

A guys who sells his house owes the banks money who want their money once the house is sold. If the seller is getting paid over time they can't pay the money they owe the bank. Unless the banks gets all their money they still own the house and the seller won't be able to sell. If someone owns a house completely why would they be willing to get paid over 15 years if they can sell it right away.

[livinghalal]

Okay, the author replied to your question, it's posted in this video's description.

[qumer]

Asslam o Alaikum

Thank you for sharing this.

I have not listen this yet but I really interested in this becoz these days it is difficult to distinguish between different methods that are introduced by banks

[Search4Knowledge]

Please get to the point, after 22 min you started with what you did. Thank you anyway. I will watch the rest inshAllah later.

[livinghalal]

Thanks for your feedback.

I think the reason the brother gave that introduction is because many Muslims/non-Muslims don't see anything wrong with Riba/interest.

Alhamdulillah, seems you are convinced that Riba is bad and eager to hear his approach to buy a house without Riba.