Static Home Investments - Hammonds

Salaam Alaykum

I have come across an investment opportunity with Concept Capital Group Ltd and Hammonds, where you invest in a static home that is then let to social housing tenants and you reap the rental returns.

There are some details on Zoopla here:
https://www.zoopla.co.uk/new-homes/details/54744419?search_identifier=ddd3e0757b1fe325cea4a8f372e731a4

The following is a summary of the features/benefits:

  1. Fixed annual yield of £3,999.90 - income paid via local authority
  2. Secured income opportunity - (planning permission granted by local council)
  3. Tangible asset, insured for the full term at a value of £30,000 by Allianz
  4. First rental payment after 60 days
  5. FCA registered company - visit our profile on the FCA’s register
  6. Buy back option after 24 months for the original purchase price of £39,999
  7. Fully managed, hassle free investment - all repairs and maintenance covered by Social Park Housing Ltd
  8. No stamp duty
  9. No agency or administration fees
  10. Helping an individual or a family to find a safe and quality home

I wanted to know whether you had come across this type of investment before and whether it is shari’ah compliant?

I have also received an investment contract from them which I can send if that helps?

Barak Allah feekum
Zaid

1 Like

Assalaamu alaykum, yes, please send the investment contract through for review.

Jazakum Allah khayr, see links below to contract and brochure.

Link to Contract:
https://mail.google.com/mail/u/0?ui=2&ik=ec8654fa6c&attid=0.4&permmsgid=msg-f:1680332969160449555&th=1751bdeec32f9e13&view=att&disp=inline&realattid=f_kg68xlf72

Link to Brochure:
https://mail.google.com/mail/u/0?ui=2&ik=ec8654fa6c&attid=0.5&permmsgid=msg-f:1680332969160449555&th=1751bdeec32f9e13&view=att&disp=inline&realattid=f_kg68xlf83

Can you paste them as documents here please

It’s not allowing me to upload pdf here, so I have sent you via email as attachments.

Jazakum Allah khayr

Sorry, the email has rebounded as well! Do you have an email address that I can forward the attachments to, as I am unable to upload here?

Barak Allah feekum,
Zaid

Sure, email me on Info@amanahadvisors.com.

I will review via email and comment here for the benefit of the forum.