Diminishing Musharakah Halal Mortgage vs Interest Mortgage | Hard TRUTH!

[@AliTunio]

Please share this video with everyone considering a Halal Mortgage. I pray Allah Azawajal makes us a means of avoiding Riba ameen.

[@senadzenica147]

Anything on so call ''zero interest'' car purchasing ??? I think is fake but like to hear about your opinion Ali ,jazzak Allah khairun.

[@nickysantoro9194]

All u have to do is save the money then buy it.

[@ZainabTabassum-gs5mh]

Hi Mr.Ali, I have been trying almost a year to get in touch with someone and enquire if the loan from DIB (UAE) - murabaha loan is ACTUALLY halal or not? I really need to know to decide - so that I can save myself and my family from this haram. is there anyway I can get in touch with you please - I could really use your EXTENSIVE knowledge - masha allah

[@hassanacif]

A great alternative is to go with seller financing. There are many motivated sellers who want to get rid of their houses. Look for a property in distressed condition and ask your realtor to find homes with a seller financing option, ideally with 0% interest. Trust me, they can find one for you. Don't negotiate on the listing price, and try to offer a higher-than-average down payment to secure the deal. I'm confident you can find sellers like that. Just give it a try!

[@ArksE8]

Im a new muslim and i need to watch this video 100times. Its confusing to me

[@zeekhan1910]

It certainly is. It could have been better. I am seasoned and still don't understand him. I think his purpose was to provide context and video became very confusing.

[@Hauwa.Abubakar]

Yup my mother is going through this now. I looked at the terms and it’s worse than going to the bank. May Allah have mercy on this umma

[@PakluPapito]

What a great name Ali Tunio, you should start an Audio Saas

[@afzalshaikh2128]

Thank you for telling the truth

[@AliTunio]

You are welcome. Please share the knowledge and Stay tuned insha'Allah.

[@obeadullahkhan9137]

MashAllah great information and May Allah Reward your efforts to educate muslims. I have a suggestion, since most of your videos are verbal and involve a lot of technical terms, it is sometimes difficult for an average muslim to understand with much clarity. I do agree that it takes more than just watching the video, watching video over and over and taking notes, and a good amount of research (not everyone is capable of reasear h). My suggestion is, if you could do a video with graphical representation would be very beneficial. As for me, I find these concepts very confusing and I just try to stay away.

[@AliTunio]

Insha'Allah brother. Once the channel grows and I can hire an editor 😅 please support by sharing Jazakallah khair. Watch 2.89% interest vs 2.89% halal mortgage..that video is a bit better

[@ydadashka3400]

Thank you for all your efforts and time into educating us on this subject Jazak Allahu Khayran.... Mr. Tunio!

[@AliTunio]

Wa iyyakum 😊

[@ammarnajam335]

Can you please name some financial institutions in USA who are actually following Islamic Banking Standards ? Thanks

[@Aliii378]

Ameen housing co op but only in california and texas

[@HoAless99891]

@@Aliii378 What about Guidance?

[@adilfarooq9009]

Any answer to this?

[@omermirza5994]

Appreciate the initiative. Great work. But please try to reduce the running time to 10-12 minutes max. There was a lot of repetition that could have been avoided. This knowledge needs to get to as many people as possible inshaAllah.

[@AliTunio]

Appreciate the feedback brother. Couldn't shorten this. Context is required and the repetitiveness you might be referring to could be misunderstood when comparing the functionality and operations with substance. Insha'Allah i will try and build shorter content around this video and refer anyone to this main one if they require greater details. Hope you share this insha'Allah. Stay tuned.

[@gutsynin6156]

Amazing video bro! May Allah reward you Insha’Allah!

[@AliTunio]

Jazakallah khair. Please share it

[@Perspectiveonlife]

Has anyone heard of Crescent Coop Islamic mortgage? What is view on them?

[@truckdriver5979]

I’m commenting to get the algorithm going brother

[@admtech69]

Halal home purchase plans are often more expensive than traditional mortgages. This is because, at first, the Sharia-compliant lender needs to pay higher administration fees.

[@truthtruth92]

Is Guidance Residential or UIF halal??

[@ZuhdOnlineQuran786]

Ali sb ... You making the some vedio on banking language in Urdu please

[@VelocityXcel]

I really needed this. Thanks brother.

[@AliTunio]

👊😎 alhamdulillah

[@nickysantoro9194]

I think it means your supposed to save the money then buy it. Not make up a new name up for interest.

[@AliTunio]

Watch the whole video. If you didn't understand it. Watch it again. Not all profit is INTEREST. There is interest based profit and trade based profit.

[@ozhoneybadger]

So what's my options in the UK for mortgage.

[@zayn6725]

Can you please review the way home and primary finance companies please. Will really help the Muslims of the U.K.

[@AliTunio]

The whole point of me releasing the video so I don't have to review companies. They change names and new companies pop up all the time. Please watch the content and judge them accordingly

[@abuhudhayfah4109]

where can I get advice from scholars regarding my shared ownership

[@eggshellsandyolk5746]

how abt that guidance residential can you please shed some light on it, its in the US and they call the percentage profit rate lol

[@mo-ec6wu]

Can we get an example of what mortgage repayments may look like over time with a diminishing musharakah option please? There are many calculators that show an example of what a monthly repayment will look like at the beginning but I have yet to see an example (even just illustrative) of how the repayments may decrease over time (increased ownership) or increase for whatever reason. This will be really helpful.

[@AliTunio]

They would be very similar to the payment breakdowns of a traditional interest mortgage. However I must ask the question. Why? Why do you need to see that? And do join us on the live stream to bring this question up

[@mo-ec6wu]

@@AliTunio From my understanding the traditional mortgage will be dictated by variable interest rates in regards to repayment increases. However, with the diminishing musharakah, we are increasing ownership of the house as well as whatever the profit rate is. I just wanted to understand if it is typical that monthly repayments may increase over time. It might be useful to know this from an affordability perspective. Thank you for your response.

[@OranJuno]

AA, what about property appreciation? Let's say you buy a house with diminishing mushaaraka partnership agreement (dmpa) for $300k, and you own 33% with $100k. Then next year, the asset is worth $600k. Your same 33% is now $200k, and the other partner's is $400k. Does this not mean that with your same salary, it will take longer to pay off the partner? Appreciation might even outpace your ability to pay, meaning you'll never own it completely. Is this correct? If the appreciation is drastic enough, then couldn't the partner trigger a sale of the asset because they'll make more money, more quickly than waiting for you to pay?

[@AliTunio]

Good questions. However I can't answer those. The video simply explains the concepts and what people should watch out for so they can differentiate between fake diminishing Musharaka, regular interest mortgages and actual halal diminishing Musharakas.

[@zeekhan1910]

Thats why diminishing musharakah is halal. Its unpredictable. If the value depreciates then you will get ownership faster too. It becomes haram when only one party has absolute advantage

[@azeeze1391]

Guidance Residential!

[@AliTunio]

Insha'Allah

[@octaprime8213]

So Guidance is halal? Can you let me know. As we are considering and not sure if they are halal or fake halal

[@zubsanful]

What about if they set a cap on buying shares of 5% and lockinh period for full closeout ?

[@AliTunio]

Who does that?

[@AkhtarZiyad]

Considering 13:00 can you explain this part in this scenario?: I own 30% and partner owns 70% of a house that I live in. Now I pay rent on the 70% (according to partner's ownership) to the partner as a separate contract. Any major losses (or risk) in the house (furnace, hot water, structural) are shared according to ownership. As a leasee I can install carpet or change faucets or other small items. Is this halal?

[@AM-eh7yl]

Salam Alaikum, could you please look into Menzal halal mortgage in Toronto? Jzaka

[@amberm4884]

Do you have a video that tells us of a way to purchase a house that is actually halal? We have chosen not to purchase as we do not want to exceed the boundaries of Islam. The only way we kno of is to pay in full, but thats around £350,000 where we live, which isn't possible for us! jazaakAllah for your efforts

[@wasimsahi6339]

Can you please look into Guidance Residencial? They are a company based in Virginia. They offer diminishing mushraka but they claim it is real thing. I called them to ask how it works, they said I would be paying a monthly payment that includes profit. The profit rate they gave me was 6 to7% depending on my credit. Please check them out if possible.

[@chifladofool1]

They’re fake and a scam. Not halal at all.

[@ST-ws6jv]

Thank you for the explanation! Are you able to provide a list of Canadian halal mortgage companies that fit the criteria that you described? Jazaka Allah khair

[@AliTunio]

You can contact manzil or eqraz

[@yumnaashraf8227]

@@AliTunio do you know any in the UK

[@AzeezOlaShoderu]

@@AliTunio I would like to contact you via email message. Kindly respond to me once you receive it. Jazakumullahu khairan!

[@kashifahmed1255]

So who is the authentic diminishing musharakah company in USA? Please let me know. By the way great effort to keep us informed. Thank you.

[@AliTunio]

I can't say. I don't know. This is why I have given questions and given great detail so viewers may compare and insha'Allah decide

[@mxe31]

@@AliTunio I understand you don’t want to put yourself against them but believe me you know who they are. Lets just be honest on this point!!

[@abuzersolkar]

Amazing video Jazakallah. Please please review the different halal home loan options in US.

[@AliTunio]

Jazakallah khair

[@tilthisdaybronzebomber8026]

Its not haram for a mortgage there whos is going to give you a loan for 30years

[@Laiythhh]

There are two banks in UK that are offering ‘Islamic Mortgages’. I have been considering Stride Up. But after watching some videos on KZbin my heart tells me this is Haraam. Where did you post the answers to the Questions?

[@supanji12]

Jazakallah. Is there true halal mortgage like you described in US ?

[@hr9868]

Excellent Video

[@SafathN]

Why dont you walk through an example ? like, take a house of woth 1Mil and walk through end to end

[@faidabdullahi12]

Can you do a review on Canadian Halal Financial Corporation in Alberta!

[@AliTunio]

I think they're not Halal at all. Very suspicious I have reached out to them and they have started to ignore me. I find that the mosque fatwa committee they use is also not to be trusted or followed especially that Imam who endorsed it.

[@osamajavaid4805]

@@AliTunio i also contacted them and their contract details are flagging the exact points you mentioned in the video. They don’t take ownership in the property and expenses are not shared among partners which doesn’t make sense. They also have a clause where it says they will not bear any risk on their % share of interest. Moreover, they have a clause saying they are able to involve any third party towards agreement when they clearly mention about not being involved with any third party whenever they promote their mortgage.

[@AlienwareXable]

Can you please do this video in Urdu as well?

[@user-ld9oo2cd9z]

I agree. Even though can explain word mortgage. To use word mortgage itself haram.

[@AliTunio]

To use the word mortgage is haram? If that's what you are saying. Its incorrect. Mortgage means security translated to Arabic = Rahan.

[@abdullahcarriere1398]

Mashallah 🙌🙌🙌

[@AliTunio]

JazakAllah khair for the support brother

[@rehanabdul4775]

So, just to confirm, you are in support of renting a house and not owning it, since there is no interest involved?

[@AliTunio]

If there is no Halal mortgage option available then yes it is better to rent. Now if there is a Halal mortgage option available of course you should look into getting a home if possible. Join tonight's live stream because I feel your statement or question has more context behind it that I feel other people would benefit from inshallah

[@rehanabdul4775]

@@AliTunio is there a link for tonight’s livestream? Also, it’s baffling to see that the rates that Islamic financing is providing vs traditional banks. How are people ok with paying 2x, 3x more when traditional banks offer around 1x times the loan amount. Isn’t that making it difficult for Muslims?

[@SunnyKhan-zw1wh]

Salam Brother, can you please explain something about so called halal Murabaha contract with Eqraz

[@AliTunio]

I wouldn't go for it myself

[@SunnyKhan-zw1wh]

Thank you for your input. Unfortunately, I have learnt it hard way. @@AliTunio

[@octaprime8213]

What are considered as losses?

[@coobie786]

Interesting. How is this different from what Eqraz is offering ?

[@AliTunio]

I'm terms of what brother? They do not offer diminishing Musharaka to my knowledge

[@coobie786]

@@AliTunio Do you have a video about the type of mortgage they offer?

[@nafismridha997]

Can u have more than one contract (or stipulate a condition) within the one contract? Is that halal?

[@hakimsap]

Zajakallah.

[@muzzilim1]

Can you build credit using KOHO?

[@AliTunio]

Yes. There is a paid feauture. Explore the app insha'Allah

[@asimsiddiqui221]

Every Islamic bank has a sharia council board, its their duty to check all the details in sharia way. Now if the Islamic scholars are famous people, we should trust them. There is no way individuals like me can differentiate what is right and what is wrong. I watched so many videos on the topic like this one. But still confused. So sorry to say its waist of time.

[@harilal1441]

🤦🏼‍♂️ Still in 2022?

[@AliTunio]

Yup

[@muzzilim1]

So what will your stance be when the the big fiqh councils will say taking a conventional mortgage under certain conditions is allowed? Also, can you name and shame the companies that you know are fraudulent? What do you think of zero mortgage and ansar housing?

[@AliTunio]

Assalam o alaikum I refer to the highest Islamic financial shariah standards of AAOIFI. If the " big fiqh councils" you are referring to are in contradiction to Qur'an. I would not follow them and warn against them. Additionally, the companies you are seeking clarity on you can easily find a 17-page Fatwa against Zero Mortgage being completely haram on Askimam.org. My stance is that It is not enough to point out 1 or another company being haram and Halal. I rather focus on my efforts educating the Muslims on what and how an actual Halal Mortgage works to let them call out the Haram by themselves. My hope is that after you have seen my video and understood it. You also are able to call out Haram mortgage when it is being presented as a "halal option" Insha'Allah.

[@muzzilim1]

@@AliTunio Alaikum Salaam Wr Wb. Jazakallah Khair. I do agree that muslims need the know how to identify halal from haram but I think content wise it would be nice to discuss what is particular is wrong in Zero mortgages contract or company xyz's contract. So knowing most options in Canada, apart from Manzil, are haram. How does one go about investing in property or having any hope of owning a house?

[@muzzilim1]

@@AliTunio Also, over the years, there have been shuyukh who seem to be saying more and more that for the first home, if you are not able to find a rental home then you can go ahead with a conventional mortgage. I think perhaps AAOIFI may say the same thing in a few years. What do you think?

[@AliTunio]

@@muzzilim1 No. If you understand the AAOIFI standards they do not change their stances. Regardless about the issue of buying first home on interest, you can refer to the Quran and Ahdeeth references in my video Halal Mortgage 101. There is no shortcut. Better not to have a home in the west if its through Interest. Please read Surah An Nisa Ayat 96-100.

[@AliTunio]

@@muzzilim1 if you want to know what's wrong with zero mortgage Read the 17 page fatwa on on askimam.org. Also watch my video fake halal mortgages and do your own research brother. This is all I am going to say to you.

[@mohammadakbar7695]

Assalam Alaikum, I am going to pay the rent for the part of the house I don't own yet and pay the price for the shares of the house to eventually take full ownership over time, I will have to pay more than what the house is originally worth ( or the price the halal bank paid ), so the extra payment I make would be considered interest payment?

[@AliTunio]

Come on brother I don't know why I'm getting so many of these type of comments. Recently everyone seems to be confused about the fact that interest profit and trade-based profit are different. You can pay more in Islamic financing product and it would not be interest. I said that in the video. Watch the video again

[@fishing-gardening-travelling]

I want an Islamic mortgage in the UK, Where do I start? Also I want at a good price and not more than double the price.

[@AliTunio]

Lol brother. You have Islamic financing in the uk. Forget about what "I want" and look at what is halal and available. My content is just to educate. Not to sell.

[@fishing-gardening-travelling]

@@AliTunio you are right brother. At the moment I don't have an Islamic mortgage.i have 14 months left on the fixed contract. I want to buy another property so In Sha Allah I will make current and new property into Islamic finance. I don't feel good what I am doing. I am looking at all the options to get out of Riba.

[@truckdriver5979]

Brother please tell us halal or haram for Guidance Residential, please

[@AbdulAziz-eb1jy]

salam my brother can i make an intention (niat) to purchase a property on islamic housing finance using the conventional bank as this will be cost effective. The shariah advisers do they themselves have the islamic housing finance? Can the shariah advisers to islamic housing finances not see the cost to house buyer is more expensive than the conventional high street bank. In UK the bank dealing with islamic house financing -Rayan Bank can afford to implement proper (halal)shariah compliant house financing. Rayan bank is not a small lender it is a big lender.. Does Rayan Bank borrow funds from Bank of England ? Does Rayan Bank need to borrow from Bank of England, if Rayan bank needs to borrow from BOE then as muslims we should be able to borrow too

[@AliTunio]

Can you clarify your question? Just what are you asking and what are you desiring? Forget about everyone else.

[@imjustvisiting5397]

So, UIF CHICAGO IS NOT HALAL???

[@AliTunio]

You watch the video. You are now an expert in my opinion. If you're not watch it again. Take the questions from the description and ask them. Follow the instructions. Now you tell me if they're halal?

[@imran799]

Saeen, wadee mehrabini qurb thora

[@shoaibmemon9557]

Can you please review Aya Financial Inc.?

[@AliTunio]

Watch this video and use the info to review them yourselves.

[@joinbruteforce]

Can I send you a copy of a musharrakah contract to check if there's a hidden clause that involves Riba that I'm not able to spot?

[@AliTunio]

Why would I do that? What is the point of the video then? The point of the video is to educate people. Go through the whole thing and you will become an expert. Then you will be able to write your own Musharaka contract

[@asimsiddiqui221]

Nonsense@@AliTunio

[@qurankareem493]

Am looking halal mortgage at edmonton...

[@salaheddinechraka4286]

Same here ,let me know if you find one Jazaka Ellah.

[@fazlurrafman1246]

Is guidance residential is a halal way to get a house

[@AliTunio]

Sadly I don't know brother

[@azeeze1391]

@@AliTunio I think you do know, you just do not want to call out a specific company.

[@chifladofool1]

They are not halal at all. It’s a scam.

[@eryvlog7694]

👍

[@y2k465]

Mr Tunio - what is your opinion on Eqraz Inc?

[@AliTunio]

Currently in review

[@y2k465]

@@AliTunio Thanks!

[@y2k465]

​@@AliTunio any update?

[@aishakhan2996]

I’d like to know as well. Thanks Also, if you could shed some light on the home financing option provided by aya financial in canada

[@MHJ1983]

F

[@monjurkhuda8029]

For the algo

[@rishi505]

Justin t worse PM