Personal Finance Question: Are offset mortgages haram?

[Mufti_Faraz_Adam]

Wa alaykum salaam,

The ruling of offset mortgages is identical to conventional mortgages. Kindly see the following for more information:

Fatwa: Can I buy a house using a conventional/haram mortgage?

Wa aleykum salam May Allah bless you. Sheikh Yusuf Qardhawi and the European Council for Fatwa and Research issued a fatwa (with conditions) allowing the use of a conventional mortgage. Some people use the fatwa issued without considering the conditions laid down in the fatwa itself. This is clearly a misuse and in some instance a manipulation of the fatwa to seek personal gain. In your case, if you believe that you fulfilled all the conditions of the fatwa before taking the mortgage then th…