{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 1 - Fiqh of Home Financing with Mufti Ikram-ul-Haq","description":" \r\nEpisode 001\r\n \r\nMufti Ikram ul Haq is a well-known scholar who specialized in Islamic jurisprudence. He currently serves as the resident Imam of Masjid Al-Islam (Rhobe Island, USA) and as Mufti at Darul-Ifta of Rhode Island, where he delivers weekly lectures, holds classes, provides Shari`ah counseling, responds to request for fatwas, etc.\r\n \r\nMufti Ikram ul Haq also completed an intensive course on Islamic Banking and Finance from the Center for Islamic Economics (Karachi, Pakistan). He has licenses (ijazah) in Prophetic traditions (hadith) from multiple world-reknowned Hadith scholars.\r\n \r\nIn this episode we discuss: \r\n \r\nWhy the debate over Islamic mortgages is aactually a cause for optimism.\r\n \r\nThe difference between conventional financing and Islamic financing. \r\n \r\nUnderstanding the basic models of finance - ijarah, murabahah, musharakah. \r\n \r\nAre some Islamic companies violating the Islamic prohibition of having "2 sales in 1" with a lease to own contract? \r\n \r\nCan a bank sell me a house at markup before they actually take ownership of the house? This is in reference to a prohibition against selling something you do not own. \r\n \r\nLearn why Islamic banks favor the musharakah model over the other models. \r\n \r\nShould Islamic banks who finance through co-ownership share in the costs of home maintenance, property taxes, insurance and other expenses? \r\n \r\nIf you sell your home at a profit, should the Islamic bank get an increased profit? \r\n \r\nShould the Islamic bank share in the loss of a house if the value goes down, or foreclose on you?\r\n \r\nWhat should you look for when picking an Islamic finance company? How do you weed out the deceptive companies from the legitimate ones? \r\n \r\nLinks:\r\n \r\nMufti Ikram's Website: http:\/\/askamufti.com\r\nMufti Ikram on Twitter: https:\/\/twitter.com\/AskaMufti\r\nAAOIFI (Auditing organization for Islamic financial institutions)- http:\/\/www.aaoifi.com\/\r\nStraightway Ethical Advisory: http:\/\/www.straightwayethical.com\/\r\n \r\nPlease support the podcast by sharing it with a friend who might find the information useful. \r\n \r\nDon't forget to subscribe in iTunes and rate the podcast!\r\n \r\nVisit http:\/\/debtfreemuslims.com to get your free ebook on Practical Personal Finance for Muslims. ","author_name":"DebtFreeMuslims Podcast","author_url":"http:\/\/debtfreemuslims.com","html":"