Is buying a property through StrideUp halal?

Investment Questions and Chats Property
#1

https://www.strideup.co/ is a company that purchases a property with you. So you pay them back in rent.

Unlike Shared Ownership schemes, StrideUp is a home finance provider, i.e. we don’t build homes, rather we let you pick the home you want and we help you buy it. You don’t need to go to a bank to get a mortgage, we provide the funds you need to buy your dream home. But like in Shared Ownership, we own a share of the property, which you can always buy back from us when you are able to afford it.

Can @Mufti_Billal or @Mufti_Faraz_Adam look into this and let us know if this is an option to purchase a property?

Jazakallah khair
Hassan

#2

Salaam Hassan,

Mufti Faraz Adam has provided StrideUp with a certificate of Shariah-compliance - it can be found here

I hope this is helpful.

#3

Wa alaykum salaam,

Yes, Stride Up are Shariah compliant and Shariah certified.

Allah knows best