Salaam. I wanted to know if I would be able to use the government bonus from a Lifetime ISA towards a halal mortgage. The criteria for the LISA states it can only be used for a traditional repayment mortgage. Is there a halal option for the repayment mortgage?
Jzk in advance
Wasalam
May Allah bless you.
First of all, you must ensure the Lifetime ISA is shariah compliant (see link below).
Secondly, my advice would be to contact a halal mortgage provider to see the available options in terms of savings and mortgages.
And Allah knows best!
Assalamualaikum,
Does anybody know the answer to this.
Can I use the bonus from the lifetime Isa with a halal mortgage?
Jazakallah