You are welcome dear brother. I have requested access to the document.
I’m not so concerned with the tenancy agreement per say as you can customise it to be Shariah compliant.
I’m more concerned about the relationship between Howsey and the landlord, and Howsey and the tenant.
These types of products which I have reviewed in other jurisdictions are times based on pure credit or invoice financing.
A product that I once reviewed was based on a cash advance to the landlord with a promissory note from the landlord to the property manager should there be default.
When financing with loans is involved, it raises medium-to-high Shariah non-compliance risks.
Plus, there seems to be the use of insurance in many of the products by Howsey.
But let me review the agreement you’ve shared so that we can get clarity on the assumptions.