We Muslims are resident of United kingdom for several decades, this country offered us peace, freedom to practise our religion, ability to support our families and most importantly accepted us as the citizens.
One of the fundamental challenge of living in western world is to own a house through Riba (Interest/Usury) free mortgage.
According to the Glorious Quran (Al-Baqara, Chapter #2, verse 275) “Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, “Trade is [just] like interest.” But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to [dealing in interest or usury] – those are the companions of the Fire; they will abide eternally therein.”
It has been decided by Fiqh Councils throughout the Muslim World that the bank interests are usury. Therefore, it is obligatory on Muslims to do their utmost to find an alternative solution based on Islamic financing principles.
We all have been desperately waiting for a substantial and affordable solution to this challenge; if we do not pull our socks up now we might disappoint our future generations.
We are a group of professionals attempting to overcome the interest-based housing challenge in the UK. We have come up with a feasible solution of providing house to eligible Muslims by inviting multiple investors to fund housing portfolio i.e. crowd funding. Over a predefined period the buyer increases his share in the property through a consistent payment of Principal amount along with his rent and eventually ends up in 100% ownership.
The investors get dividends on a regular interval whilst the rental income and principal repayment is contributed to buy house for the next in line buyer. This way over a long term period the investor’s investment value will increase multiple folds.
we will follow all FCA regulations relevant to crowdfunding and client asset management.
Currently, we are in presenting and listening mode, please look at presentation and provide us your feedback by leaving comments.
We need your support to transform this idea from concept to service. Get engage, spread the message and be part of this. Together, we can beat this riba base system and show whole world reward of islamic finance principles.
Islamic Housing and investment 
This is a very good initiative may Allah make this a success in UK and other parts of the world. Generally the market will avail upto 25 years of mortgage and this process is repetitive as the lender will change many times during the term. During this process the public will look at possible benefits from RBI and invest in the best possible option available in the market. As a result the amount paid to the lender/s varies and could be less than what is originally indicated by trackers.
LikeLike