We offer Safest Home Finance and Halal Profitable Investment
Addendum about Ameen Housing contract (As for Jan 2015).
All praise be to Allah, the Lord of the Worlds, and may the blessings and peace be upon the final Prophet and upon all of his family and Companions.
The Fiqh Committee of AMJA had issued a declaration explaining the issues in the contracts of the Islamic Home Financing Companies in the United States. That ruling was based on the contracts that they used at the time of the issuing of that declaration. With respect to Ameen Housing, two issues were of major concern. One was the late payment fee when a person paid his rent late and the other was the issue of the cost of maintenance being properly distributed between the two parties wherein Ameen returned a fix percentage of the rent to the buyer/renter regardless of the actual amount of maintenance expenses.
After the issuing of that declaration, Ameen Housing—may Allah reward them for responding positively to that declaration—have now discontinued their late payment fee policy and have clarified to the Committee that the distribution of the maintenance expenses is handled in a way that is just.
Based on the above, the Fatwa Committee now rules that the contracts that Ameen Housing is now using are consistent with the laws of the Shareeah. We have now no Shareeah objection to their practice and it is permissible for Muslims to purchase homes through them.
We are located in the heart of the Silicon Valley.
San Tomas Business Center Building#1
2060 Walsh Ave, Suite 101
Santa Clara, CA 95050
Tel: (408) 986-9786
Fax: (408) 986-9787
info@ameenhousing.com
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San Tomas Business Center Building # 1
2060 Walsh Ave, Suite 101
Santa Clara, CA 95050
Tel: (408) 986-9786
Fax: (408) 986-9787
support@ameenhousing.com
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