May Allah grant these brother's successful. Beautiful project and iv been watching all the videos on this topic and also the 2 hour q&a and it makes complete sense and shari'a compliant. I'm already in a shared ownership currently alhumdulillah. I want to invest in the savings account - would feel amazing helping others
I don’t know about you guys, but this economy feels worse every day. Prices just keep going up, and it feels like I can’t get ahead no matter how hard I try
Tell me about it. Even saving isn’t what it used to be. Inflation just eats up everything. I’m trying to figure out if there’s a better strategy here, you know?
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
Absolutely I transitioned to trading as well, and it’s truly the most effective way to navigate this economy. There are risks involved, but with the right strategy, the potential gains are significant.
Alhamdulillah for this. I pray we can buy a house. unfortunately majority of the halal companies have said a minimum amount was always too much deposit and needing to show alot more than we can afford. I pray its affordable for my husband. I will try to watch all of the videos.
The wealthy muslims need to invest in building properties and offering these for rent at same rate as what a typical mortgage would be. And then give the renter the option to buy the property after 5 years at the original build cost and allowing part payment of rent to go towards the deposit. Obviously this aint going to happen as its not lucrative enough, so the alternative is to milk them as much as you can, which in essence is riba, financial exploitation of the vulnerable.
Owning a home is not Fard. I understand your frustration but don't go beyond the limits. You can't call business Riba. That is making what is Halaal into Haraam. Basically REALLY BAD. May Allah Subhana'wata'Ala give you goodness.
It's a well-meant attempt to solve a very big problem, but these kind of contracts are bid3ah/innovation, such contracts have never existed in our (muslims) +1400 year history. And now many think there is a way out by moving even more fiat money towards - already 5 times too expensive - real-estate. Housing as a financial instrument for the rich. The real solution would be to go back to the sunnah. No central banking, no fiat money, upon parents/family/community to provide free land to starting families etc. And for those saying that such is not possible, it is like saying that living halal has been made impossible by Him, Allah s.w.t. We can migrate to other lands, or at the very least start pressuring government NOT to restrict available building plots and put more pressure to ASAP start phasing out long-term mortgages. And eventually completely abandon mortgages nation-wide. There is lots of hassanaat to be earned doing so.
I agree with every single thing apart from the fact they sell equity to the buyer at a fixed price. I understand their reasoning HOWEVER it's not consistent with the sharia approach of mutual share, mutual risk/reward. The sharia approach needs to be taken on both sides equally in all aspects. That potential profit could be used to fund more purchases and reduce that waiting list. I am saying this as a potential buyer/customer.
Ive been on your website and it says that i have to go on a waiting list for 5 years. If i was allowed to take out a contract with yourselves now, i can afford to buy the property in 2 years. Cant wait for 5 years.
If you put the money in their GYS account now or as you get it, then you will not be waiting 5 years and will get your turn on the waiting list much much sooner, probably within 1-2 years depending how much you have
Akhi they trying to make it in a halal way nobody said it was going to be easy. You have to sacrifice to live the halal lifestyle and inshaAllah we will see our result in the Hereafter may Allah give us all patience aameen
Tbh renting in this country is the most realistic approach due to the bloody cost of living and roi in places like London I feel like Muslim require easier ways to invest in halal more than they need to buy a house.
Was interested in this but went on the website and immediately shown disclaimers/warnings that it is only for financially qualified people. Presumably due to regulations by the FCA or consumer rights etc? How can the average jamal use this service? Or is it only via a broker? Apologies if this is explained in this video, watched the initial video but haven't had a chance to watch this yet.
The waiting list is years long....so no point unless you're planning to buy in like 5+ years time. I need to buy in the next few months so sadly this company is out of scope.
@@AliDawahw'salaam brother! There are other islamic organisations offering similar fabulous services like Pfida, with no or reduced waiting times. So it's not the case that if someone doesn't choose Pfida that they are then automatically involving themselves in Riba as you're hinting. JK, I'm a big follower of yours!
So clearly the non occupying party in the contract is benefiting from the inability of the occupier to pay the full amount of the house, and it appears the rent liability of the occupying party does not contribute towards paying down the outstanding balance of the property and further when property is sold the non occupying party takes a percentage of the profits. So it's very clear this is a win win for the non occupying party. If this is a credit agreement or not is irrelevant, call a spade a spade. Its purely designed to allow high net worth muslims to make money off the rest.
Is there a minimum amount that you need to pit into the savings/investment account? Basically if someone is just interested in the profit share/dividend, rather than living and buying the property.
Salam gents, Is pfida available outside the UK? I would like to switch my current mortgage with your option/product immediately. Is it possible pfida buys out my current mortgage, which is quite a chunky remainder in exchange with pfida's loan/product offering?
Watch the video - if you put in more money into their GYS account you will get boosted massively. You could get a house within 1-2 years depending how much £££ you have...
This is just going to make the situation with property worse in densely muslim populated communities with rental rates going up and property purchase becoming impossible .
Without massive amounts of investment from rich individuals wanting to help. I can't see how this model works. People coming in later will be waiting years to buy a house. So what's the point
@sudanesechamp02 it's a good idea. But the maths don't add especially when the home owner has no obligation to pay off the shares he doesn't own. How are they gonna generally more funds to help people in the waiting list. The maths don't add up. I honestly want it to work. I think its an excellent idea. Unfortunately it needs some adjustments.
If you pay off the remaining debt, and later you sell the Property will you still owe Pfida a share of the profit, i had a friend that phoned your organization and said this was the case, as for myself i am not sure. If this is the case i think it is not worthwhile.
@@allykhan8594 I'm presuming their justification is your consent. In the context of avoiding riba, and as long as their percentage claim for the profit is not outrageous, I personally wouldn't have an issue.
@@allykhan8594 Avoiding Riba is better than gaining wealth. Besides, everyone wants to have their separate living space so your child eventually will want his own separate house.
@spawnnpwn4166 i will explain why i think it is unfair arrangement. If we start out Pfida 50% share ROI @ 8% (50% rental value), 50% share buyer ROI @ Occupier benefit while paying 50% rental value. Why is it Pfida 0% share still has an interest when the share is completely bought out when it holds no capital in the property? I also wonder what Pfida share would be, 50%???? This needs to be set out clearly, so far all the interviews i've listen to avoids this topic.
It's a well-meant attempt to solve a very big problem, but these kind of contracts are bid3ah/innovation, such contracts have never existed in our (muslims) +1400 year history. And now many think there is a way out by moving even more fiat money towards - already 5 times too expensive - real-estate. Housing as a financial instrument for the rich. The real solution would be to go back to the sunnah. No central banking, no fiat money, upon parents/family/community to provide free land to starting families etc. And for those saying that such is not possible, it is like saying that living halal has been made impossible by Him, Allah s.w.t. We can migrate to other lands, or at the very least start pressuring government NOT to restrict available building plots and put more pressure to ASAP start phasing out long-term mortgages. And eventually completely abandon mortgages nation-wide. There is lots of hassanaat to be earned doing so.
So buying out the shares from pfida is optional , but paying rent isn’t . Why? This is where the problem lies. Pfida says that they don’t obligate the buyer to sign a hidden debt contract by not forcing you to buy equity, but they do lock you into a debt contract by making rent mandatory. The rent is the hidden debt. Pfida will only help you buy a home if you agree to pay rent, otherwise no partnership contract will be signed. This is why I think it’s unfair. Please pose this question to pfida.
As salam u alaikum you are living in a property part owned by you part owned by them, you not paying you rent is as good as living in a house you don’t own and you have to pay rent and then you tell your landlord “oh you’ve got me in a lock to pay debt “. You pay rent for the part of the property you don’t own. How is that a debt lol?
@@AmellezianiI’m not saying it’s halal or haram try Islam.web or Islamqa website and copy paste with pfida’s conditions but it might not be a normal rental agreement it depends can u sell the home and make money from your shares. I would also recommend watching sheikh assim video about so called Islamic mortgages.
@@AliDawahwhy would you pay rent which goes up and then if you can’t pay they take your house shares 😂 till you finally have nothing. It’s a haram scheme marketed as halal
It feels like there's so much friction between the brothers. A lot of testosterone. Looks like they all want to fight wach other as of they're grinding their teeth
@@S24RYF ain’t all businesses about making money doesn’t make them haram but I agree with you that most Islamic mortgage providers in the uk are not actually Islamic whether pfida is the same I would suggest talking to a scholar.
Islamic banks make it obligatory to buy their share back, however pfida it's optional. You only pay rent for the portion you don't own Because they don't make it obligatory it's not debt
@@ZDL679 When they talk about not giving you fair rights of what is yours and can take your shares and the rent increases of course it’s all a money making scheme for them. It’s meant to be fair business not using Islam as a way of saying no interest 😂
@@azym13 Where does it say Islamic Banks have a right to buy their share back? If I lose my job and can’t find a job in 6 months, and they take all of my shares and now I’m left with nothing, people think this is allowed? And talking about rent when they increase the rent 😂, what gives them the right to take my shares but I have to pay rent which goes up each year. LOL that’s interest in itself
May Allah grant these brother's successful. Beautiful project and iv been watching all the videos on this topic and also the 2 hour q&a and it makes complete sense and shari'a compliant. I'm already in a shared ownership currently alhumdulillah. I want to invest in the savings account - would feel amazing helping others
I don’t know about you guys, but this economy feels worse every day. Prices just keep going up, and it feels like I can’t get ahead no matter how hard I try
Tell me about it. Even saving isn’t what it used to be. Inflation just eats up everything. I’m trying to figure out if there’s a better strategy here, you know?
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Absolutely I transitioned to trading as well, and it’s truly the most effective way to navigate this economy. There are risks involved, but with the right strategy, the potential gains are significant.
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Stephen Vincent Marotto🙌
Who sets the rent price, and how often it increases?
What about Right to Buy council property?
Alhamdulillah for this. I pray we can buy a house. unfortunately majority of the halal companies have said a minimum amount was always too much deposit and needing to show alot more than we can afford. I pray its affordable for my husband. I will try to watch all of the videos.
The wealthy muslims need to invest in building properties and offering these for rent at same rate as what a typical mortgage would be. And then give the renter the option to buy the property after 5 years at the original build cost and allowing part payment of rent to go towards the deposit. Obviously this aint going to happen as its not lucrative enough, so the alternative is to milk them as much as you can, which in essence is riba, financial exploitation of the vulnerable.
Owning a home is not Fard. I understand your frustration but don't go beyond the limits. You can't call business Riba. That is making what is Halaal into Haraam. Basically REALLY BAD. May Allah Subhana'wata'Ala give you goodness.
You clearly dont know what your on about. Read my comment again and try to understand the points made before you fire off the gun.
It's a well-meant attempt to solve a very big problem, but these kind of contracts are bid3ah/innovation, such contracts have never existed in our (muslims) +1400 year history. And now many think there is a way out by moving even more fiat money towards - already 5 times too expensive - real-estate. Housing as a financial instrument for the rich. The real solution would be to go back to the sunnah. No central banking, no fiat money, upon parents/family/community to provide free land to starting families etc. And for those saying that such is not possible, it is like saying that living halal has been made impossible by Him, Allah s.w.t.
We can migrate to other lands, or at the very least start pressuring government NOT to restrict available building plots and put more pressure to ASAP start phasing out long-term mortgages. And eventually completely abandon mortgages nation-wide. There is lots of hassanaat to be earned doing so.
Beautiful brothers! Great example of what we can achieve by working together
I agree with every single thing apart from the fact they sell equity to the buyer at a fixed price. I understand their reasoning HOWEVER it's not consistent with the sharia approach of mutual share, mutual risk/reward. The sharia approach needs to be taken on both sides equally in all aspects. That potential profit could be used to fund more purchases and reduce that waiting list. I am saying this as a potential buyer/customer.
40k for the opportunity to put a down payment is so much they were not wrong about high net worth individuals
Ive been on your website and it says that i have to go on a waiting list for 5 years. If i was allowed to take out a contract with yourselves now, i can afford to buy the property in 2 years. Cant wait for 5 years.
If you put the money in their GYS account now or as you get it, then you will not be waiting 5 years and will get your turn on the waiting list much much sooner, probably within 1-2 years depending how much you have
Akhi they trying to make it in a halal way nobody said it was going to be easy. You have to sacrifice to live the halal lifestyle and inshaAllah we will see our result in the Hereafter may Allah give us all patience aameen
Can people with existing mortgages transfer to pfida? How would it work? Especially if the property value has gone up since they bought it?
If you invest 50k and pass away is would the money be taxed on inheritance tax
Tbh renting in this country is the most realistic approach due to the bloody cost of living and roi in places like London I feel like Muslim require easier ways to invest in halal more than they need to buy a house.
Am on a existing al rayan scheme, can i transfer to pfida ??
Was interested in this but went on the website and immediately shown disclaimers/warnings that it is only for financially qualified people. Presumably due to regulations by the FCA or consumer rights etc?
How can the average jamal use this service? Or is it only via a broker?
Apologies if this is explained in this video, watched the initial video but haven't had a chance to watch this yet.
The waiting list is years long....so no point unless you're planning to buy in like 5+ years time. I need to buy in the next few months so sadly this company is out of scope.
As salam u alaikum well if buying now is more crucial to you then avoiding riba then you’ve got your priorities a bit wrong.
@@AliDawahw'salaam brother! There are other islamic organisations offering similar fabulous services like Pfida, with no or reduced waiting times. So it's not the case that if someone doesn't choose Pfida that they are then automatically involving themselves in Riba as you're hinting. JK, I'm a big follower of yours!
If you have 30k to 40K you will be fast tracked to about 6 to 12 months
So clearly the non occupying party in the contract is benefiting from the inability of the occupier to pay the full amount of the house, and it appears the rent liability of the occupying party does not contribute towards paying down the outstanding balance of the property and further when property is sold the non occupying party takes a percentage of the profits. So it's very clear this is a win win for the non occupying party. If this is a credit agreement or not is irrelevant, call a spade a spade. Its purely designed to allow high net worth muslims to make money off the rest.
@@Magpie96-yy9ic Can you name me other organisations?
Is there a minimum amount that you need to pit into the savings/investment account? Basically if someone is just interested in the profit share/dividend, rather than living and buying the property.
If I invest some money in faida, can I sell my shares at any time ?
Yes with a notice period
Salam gents,
Is pfida available outside the UK? I would like to switch my current mortgage with your option/product immediately.
Is it possible pfida buys out my current mortgage, which is quite a chunky remainder in exchange with pfida's loan/product offering?
pfida is UK based and yes, they can buy out your current mortgage,
Email them
5 year waiting list,not practical except for investors opposed to owner occupiers.
Watch the video - if you put in more money into their GYS account you will get boosted massively. You could get a house within 1-2 years depending how much £££ you have...
Assalaam Alaikum
Are they in the US?
Is this sponsored videos if so please disclose
Can anyone buy, rent from pfida or only muslims if yes how would they police this thanks
This is just going to make the situation with property worse in densely muslim populated communities with rental rates going up and property purchase becoming impossible .
Where are they located, like what is the range of this business, can they be in Birmingham, Cardiff, London?
All of U.K.
Without massive amounts of investment from rich individuals wanting to help. I can't see how this model works. People coming in later will be waiting years to buy a house. So what's the point
Bro your already trying to kill the idea.
@sudanesechamp02 it's a good idea. But the maths don't add especially when the home owner has no obligation to pay off the shares he doesn't own. How are they gonna generally more funds to help people in the waiting list. The maths don't add up. I honestly want it to work. I think its an excellent idea. Unfortunately it needs some adjustments.
its a good start regardless
@@asadhussain4509 With the rental income and investors
@@asadhussain4509that’s a very good point and question
If you pay off the remaining debt, and later you sell the Property will you still owe Pfida a share of the profit, i had a friend that phoned your organization and said this was the case, as for myself i am not sure. If this is the case i think it is not worthwhile.
Yes, they will still have a percentage of the Profit when you sell the house. But how is that a bad thing, considering the context of avoiding riba?
@spawnnpwn4166 depends on the share, but having paid the balance can't see how they justified a share.
@@allykhan8594 I'm presuming their justification is your consent.
In the context of avoiding riba, and as long as their percentage claim for the profit is not outrageous, I personally wouldn't have an issue.
@@allykhan8594 Avoiding Riba is better than gaining wealth. Besides, everyone wants to have their separate living space so your child eventually will want his own separate house.
@spawnnpwn4166 i will explain why i think it is unfair arrangement. If we start out Pfida 50% share ROI @ 8% (50% rental value), 50% share buyer ROI @ Occupier benefit while paying 50% rental value. Why is it Pfida 0% share still has an interest when the share is completely bought out when it holds no capital in the property? I also wonder what Pfida share would be, 50%???? This needs to be set out clearly, so far all the interviews i've listen to avoids this topic.
Yes
Need to use fresh currency
And how about the hosues they sell, around what area would they be located in, want to know how far or close it the business is?
Friday night live stream 😢
We don't think that's right ? Lolol
It's a well-meant attempt to solve a very big problem, but these kind of contracts are bid3ah/innovation, such contracts have never existed in our (muslims) +1400 year history. And now many think there is a way out by moving even more fiat money towards - already 5 times too expensive - real-estate. Housing as a financial instrument for the rich. The real solution would be to go back to the sunnah. No central banking, no fiat money, upon parents/family/community to provide free land to starting families etc. And for those saying that such is not possible, it is like saying that living halal has been made impossible by Him, Allah s.w.t.
We can migrate to other lands, or at the very least start pressuring government NOT to restrict available building plots and put more pressure to ASAP start phasing out long-term mortgages. And eventually completely abandon mortgages nation-wide. There is lots of hassanaat to be earned doing so.
Sad only in the uk
Where are you based
So buying out the shares from pfida is optional , but paying rent isn’t . Why? This is where the problem lies.
Pfida says that they don’t obligate the buyer to sign a hidden debt contract by not forcing you to buy equity, but they do lock you into a debt contract by making rent mandatory. The rent is the hidden debt.
Pfida will only help you buy a home if you agree to pay rent, otherwise no partnership contract will be signed.
This is why I think it’s unfair. Please pose this question to pfida.
As salam u alaikum you are living in a property part owned by you part owned by them, you not paying you rent is as good as living in a house you don’t own and you have to pay rent and then you tell your landlord “oh you’ve got me in a lock to pay debt “. You pay rent for the part of the property you don’t own. How is that a debt lol?
Because what if you want to move out if it’s a partnership why are you obligated to pay rent this is not a fair partnership
@@Amelleziani If you move out sell the house
@@AmellezianiI’m not saying it’s halal or haram try Islam.web or Islamqa website and copy paste with pfida’s conditions but it might not be a normal rental agreement it depends can u sell the home and make money from your shares.
I would also recommend watching sheikh assim video about so called Islamic mortgages.
@@AliDawahwhy would you pay rent which goes up and then if you can’t pay they take your house shares 😂 till you finally have nothing. It’s a haram scheme marketed as halal
It feels like there's so much friction between the brothers. A lot of testosterone. Looks like they all want to fight wach other as of they're grinding their teeth
1
Be very careful who you endorse.
100%, these guys are legit alhamdullilah
If they were Christians would you still have felt the need to make that statement?? That is common sense and goes without saying for any investment…
There’s no such thing as halal mortgages 😂 there’s always a catch and for both sides to make money. Don’t believe them.
@@S24RYF ain’t all businesses about making money doesn’t make them haram but I agree with you that most Islamic mortgage providers in the uk are not actually Islamic whether pfida is the same I would suggest talking to a scholar.
Islamic banks make it obligatory to buy their share back, however pfida it's optional. You only pay rent for the portion you don't own
Because they don't make it obligatory it's not debt
@@ZDL679 When they talk about not giving you fair rights of what is yours and can take your shares and the rent increases of course it’s all a money making scheme for them. It’s meant to be fair business not using Islam as a way of saying no interest 😂
@@azym13 Where does it say Islamic Banks have a right to buy their share back? If I lose my job and can’t find a job in 6 months, and they take all of my shares and now I’m left with nothing, people think this is allowed?
And talking about rent when they increase the rent 😂, what gives them the right to take my shares but I have to pay rent which goes up each year. LOL that’s interest in itself
@@S24RYF who knows Allah knew the best.
Scam
Assalamu 1alaikum, brother I am the father of Jamila Timaeva. I really need contact with you
Belgium?
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