Mortgaging a house through islamic banking in UK Dr Zakir Naik

[@rparwez6206]

JazakAllahu khair

[@khalidtanweer2756]

I love and respect Dr Zakir Sir

[@sunwarmth]

Thank you very much. This sounds more convincing that it is Haram and that all what we are trying to do is patching and relabelling the same conventional mortgage.

[@tentimesful]

in netherlands we have 30 year mortgage and bank will calculate how man you have to pay monthly in that 30 year for the house to be fully yours. and yup you can pay more shorten that 30 year with the correct bank. also some banks offer if you paid 20% of the house and after that you lose job and cant pay the mortgage you will be allowed to not pay monthly fee but the bank will put your house on sale for 80% of the mortgage to sell it quickly.. so in the end it is like bank buys the house you want and increase house cost so you pay more but with lucrative deals. p.s. my mortgage is 480 euros a month and my brother who rents pays 700+ euros... and plus I have already paid the first 25% already and my house price went up from 100 thousand to 160 thousand... so no more worries for me.... I will pay it in 20 years as I already paid for 10 years... might sell it though after 10-15 years as dutch will ask me property tax if I pay the complete mortgage which is alot...

[@sabz_bhp]

Haram

[@tentimesful]

@@sabz_bhp explain the haram... it is like banks buy house you want, and sell you it more expensive to get profit, and the years to pay it up are fixed in holland like I said... and if you lucky house price can go up and you get more money than you paid... plus rent is near double for my house as big as mine... from hadith heard, ribba is if you give gold and and ask more gold, it is here about a house for money, not money I lend and then have to give more of that same money...

[@sabz_bhp]

@@tentimesful Ribas ribas. End of story. No bending the rules

[@ousmansanneh128]

This is not money to money or house to house...I agree with the students of maliky take and pay small small if u can't pay in a particular month that penalties is not riba

[@explorebirmingham9414]

Enterest was haraam (banned) because the person who used to borrow money used to pay enterest more than borrowed money and that person used to be in debt all the time but in Europe and uk enterest is so low and the person who borrow money for house is always in good financial condition as monthly payment is less than rent so you can mortgage your house for your living and not for business as business imbalance the supply and demand.

[@sunwarmth]

Not sure that the banning was for a threshold of interest! In the Quran the banning is not conditioned to a percentage.

[@ملاحتپوپلزایی]

ما شأء الله 🎉

[@zaingarage]

I don't understand if the value of property is 100k and I buy it on installments from a conventional bank for 130k with interest is HARAM. So how it is HALAL if I buy the same property of 100k value on installments from a Islamic Bank for 160k with so called profit/rent on the money they put in to buy me that property???

[@zaingarage]

I know one guy, he bought a house on 30 years installments from an Islamic Bank, the value of the house is currently 170k USD, when he bought that house it was 145k USD. He paid $20k downpayment plus other charges and he pays $1200ish every month installment which will be $432000 after 30 years so total he is going to pay $452000 for the house. He said the bank told him that they are taking the profit from him because he is paying the rest of the amount in 30 years tenure so the value of the house will increase so he has to pay that profit to the bank. On the other hand the conventional bank was offering him the same house for 30 years term $700 monthly installments with $20000 downpayment. So if he would have gone with the conventional bank the house would have cost him $272000 which is way less than what he has to pay now to Islamic Bank. How is that paying more for the same house is Halal just because they used Islamic Banking or Shariah compliant when the conventional bank is cheaper and affordable. In my opinion both is Haram. Just because Islamic bank changed the name of interest doesn't make it Halal.

[@Saa42808]

There's nothing such as Islamic Mortgage: As long as any bank (conventional or islamic) is involved it is not halal or Riba is there because banks don’t own a single penny and asset and it’s all collateral and borrowed and people just don’t know that. I had a long argument with the so-called islamic mortgage lender guidance. They didn’t want to expose the source of the loan which actually they borrow from a conventional bank who borrows from somewhere else and so on and so forth.

[@ajazvahora3124]

Why video.quality is so bad? Humble request Plz improve it. Thanks Yes I do have a good wifi Only this video quality was very bad.

[@KX_12738]

❤❤❤❤

[@Doomedgorilla]

The Goat man is back😂

[@dtkoch9704]

This guy is banned in UK lol 😂😂😂

[@shaheqaahmed270]

Christian are turning in Islam by listening him , scared UK

[@MonziaKhan]

You're banned in my house

[@dtkoch9704]

@@MonziaKhan I won't go to your house even if you invite also. But this dude desperately wants to go to UK, US, Canada, Europe but they kicked him out 🤣🤣🤣

[@MonziaKhan]

@@dtkoch9704 It’s mind-boggling to think that the whole UK system is afraid to let one man into the country. By the way, how do you know he’s desperate to enter these countries?

[@dtkoch9704]

@@MonziaKhan oh come on...don't be so naive it's a dream of every Islamic preacher to visit Non Muslim countries and do the so called "spread the message" thing. Otherwise what's the benefit of giving lectures in countries which are already Muslims. But funnily even some Muslim countries has banned or restricted him from delivering speeches including Malaysia where he is currently residing 🤣🤣🤣