Category: Business Matters
Fatwa#: 39749
Asked Country: United Kingdom

Answered Date: Feb 13,2018

Title: Is the buy to let mortgage by Al Rayan Bank Shariah complaint?


Salaams please can you confirm if the below buy to let mortgage by Al Rayan Bank is halal or haram


B Desai


In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We observe that the buy to let mortgage by Al Rayan Bank is based on the diminishing partnership model and Ijaarah (leasing).

We are unable to issue a ruling without assessing and analysing the contracts of the product.

You may refer to the following Muftis in the UK and seek their guidance on the issue.

  • Mufti Faraaz Adam (Hafidhahullaah) - 
  • Mufti Zameelur Rahman (Hafidhahullaah) -
  • Mufti Hanif Patel (Hafidhahullaah) - 
  • Mufti Bilal Al Mahmudi (Hafidhahullaah) -


And Allah Ta’āla Knows Best 


Muhammad IV Patel

Student Darul Iftaa
Lusaka, Zambia 

Checked and Approved by,
Mufti Ebrahim Desai.

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