AMJA Resident Fatwa Committee resolution on Canadian Islamic home-financing companies
AMJA Resident Fatwa Committee
What this source says
AMJA's Resident Fatwa Committee groups Canadian Islamic home-financing providers into two categories. Companies using Shariah structures (Murabaha, Musharakah, Ijarah) that nonetheless carry some problematic conditions are deemed permissible in cases of need — with home ownership for Canadian Muslims treated as qualifying — while improvements to their contracts are recommended. Companies that essentially replicate conventional interest-based lending receive an outright prohibition. The committee notes the ruling addresses individual buyers using current contracts.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- AMJA Online — Resident Fatwa Committee resolution about Islamic Home Financing Companies in Canada
- School / basis
- Comparative
- Captured
- 2026-06-03
- Added
- 2026-06-03
- Trust
- Primary or near-primary source with a stable public URL.
Compiler’s note
Page verified live 2026-06-03. Paraphrased documented position.
Topics
ribamortgagehome-financefatwacanada
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