This brings so much peace to your mind when you realise that, don't be saving up to lock away your wealth, when it can be utilised in a better and more efficient way
JazakAllah Khairan. Lots of people need to hear this to stay on the right path. Starting a business or generating a secondary source of income is always hard to start but once it’s running it’ll be very beneficial. I have yet to find my second source but insha’Allah it’s soon
JazakAllah. I liked how you mentioned the fatwa 'buying your first home in interest is allowed if its necessity' is not permissible. Unfortunately alot of muslims i know are using this fatwa to satisfy their desires.
@@shahee6579car insurance is a necessity to be able to drive a car. It's forced upon a person. A person isn't forced to get a mortgage, they choose to get one. If they don't have a mortgage, they can still live in a house.
yes but, not all of us are business minded though. Most people just want a quiet life, worship the creator, raise kids, got to work, have some leisure time. That's the majority of people.
A great alternative is to go with seller financing. There are many motivated sellers who want to get rid of their houses. Look for a property in distressed condition and ask your realtor to find homes with a seller financing option, ideally with 0% interest. Trust me, they can find one for you. Don't negotiate on the listing price, and try to offer a higher-than-average down payment to secure the deal. I'm confident you can find sellers like that. Just give it a try!
Could you do a video on buying cars. Some of us are car enthusiasts, and would like to one day purchase a nice car, maybe even used. One could be able to afford the monthly payment on a used range rover. What approach would you take if you can't buy it out right?
what if you “need,” a house not for showing off but because you live in 1-bedroom apartment with 2 kids, we sharing a bedroom. Renting a bigger apartment is too expensive & we don’t even qualify for a 2-bedroom base on income but sadly qualify for a mortgage.
So only alternative option to a mortgage is 'rent'. You said 30-40k salary person. That person can't afford rent in London or surrounding area. No mortgage alternatives given, no business ideas given. £5k investment gives £1.5k return, where and what?🤦♂️.
You're right he didn't. Not did he explain where 5k investment gives 1.5k return. Only halal option is probably islamic mortgage which has huge profit rate (which still follows bank of England base interest rate) 🤦♂️
Sorry brother but renting is truly not feasible when they are charging over 1000k a month and mortage repayments are such less, theres so many downsides to renting
But you still didnt tell us an alternative either! Even with a side business… we cant make enough to do a full payment of the house to buy the first house🙄
It is not possible to rent for some people as low income such as monthly after tax some earn £1300 to £1700, rents are so much higher and they will make you struggle, and not everyone can get council house. Also most of these council houses area are bad with these bad people around, plus the mortgage rhe more deposit, the cheaper. What can we do? I wish i could talk to allah to come with an easy solution.
I'm in a similar situation, if I got one mortgage in 2017 in London I'd be paying £800 per month, now I'm working two jobs to pay rent of £1330 per month, I will never own it, and the price is going up to £1420 in 3 months.
My parents are giving me a house they now own after paying its mortgage, is it haram if i live in it eventhough i have nothing to do with the past mortgage and am not paying anything?
Brother what’s your view on the food industry such as getting into rice/atta example company -Tilda if you can could you please make a video on this please
Salam bro. I'm a new subscriber to your channel. I would like you to explain more in depth why Al-Rayaan bank is haram. I know you've already done a video previously but I felt you didn't go into more in depth. I.E I would like you to bring out Al-Rayaan policies black & white and explain/quote hadith where they are going wrong. . . . Not verbally what you believe or think or what your teacher saying. I would much prefur you to bring up their policies, they're fatwa and then explain why its "HARAM" . . . P.S I appreciate all your advice so far. May Allah reward your intentions and forgive anything you may have said inaccurately.
Wa alaikumaslam habeebi, Firstly JazakAllahu khairan habeebi. I think a video on this is needed and I will make one on this In Sha Allah. For the mortgage to be legitimate and halal as they sell it as a partnership but this isn't the case. The buyer holds the risk in many factors and Al Rayan would still expect their return and thus what it's sold as "a partnership" in truth is not a partnership & Allah swt knows best.
@@abumusa_ch I appreciate your response your explanation of partnership that was explained on your previous video was spot on! I agree however I have friends/family whom don't agree. . . They states how do you define partnership? In business & in any business we have different types, you have a silent partner, you have a side partner, you have a partner who only invest so how you define partnerships is different to how someone else would define partnerships it doesn't mean they are wrong, as long as everything is explained at the start & both parties agree then I dont see it haram. End of the day it's a business and they have to survive, they providing a service & a massive funds in order to keep the ball rolling. . . ( again for the record I belive its Haram.) I look foward to your future video going more in the depth and emphasise on why I.e quotes from Hadith etc.
@@mutahirali4103 No problem my bro, so obviously here we say that it's islam that sets out what is acceptable or not. Your right that partnerships vary but which partnership would you find that says if you lose the money (house price drops below the mortgage amount) only one party is responsible ie the buyer. That's why this is not even a fraction of a partnership it's simply playing with words. Allah swt knows best
@@abumusa_ch Again I totally agree it doesn't make sence but on another video just go in to it abit more giving factual example on how they operate, like the example you just mentioned in your last comment so it's more descriptive, theyre policies how they operate etc. Really appreciate your videos bro & keep them rolling in. May Allah reward your effort.
what if you “need,” a house not for showing off but because you live in 1-bedroom apartment with 2 kids, we sharing a bedroom? Renting a bigger apartment is too expensive & we don’t even qualify for a 2-bedroom base on income but sadly qualify for a mortgage.
Can you go to hell on behalf of everyone at your home? Stop ruining your akhirah. What if you buy a house and die after a few years?? Or you get into an accident who knows? Who would be paying that debt of yours? Your family or they might not be even able to pay it and they get expelled from the house. Say Alhamdulillah and start living your life without any greed. Praise Allah for even that one room he has given to you but atleast you are healthy and with your family. Always thank Allah
Most of the online earning is haram specially when you come to investment forex, stock trading, mortgage and youtube monetization is also haram earning these all are totally haram.
and your proof argument is ??? forex, I understand but stocks ?? listen your a nobody just claiming it is haram with out any clarification is unacceptable.
I’m a college dropout with no idea on what to do in the near future, I have no qualifications and I have terrible grades, I made a few big mistakes which led me to that cause I was always an A* student, I need to start making money as soon as possible Inshallah and soon start something of my own, what advice would you give someone like me?
Try to get into an apprenticeship look at starting at gcse level and work your way up - you will get money , experience and qualifications or work and invest that money
I'm a part qualified accountant who studied at university and now I have a job but I wish I did an apprenticeship because I would have been in the same place I am now or even higher but without the debt or the interest which is haraam
Selamün aleyküm Brother, appreciate the trying to help. But with respect, you've said a whole load of things and said nothing for 8 minutes. Your video is titled "alternative to a mortgage". Anyone who knows anything about Islam already knows interest is haram. So you've basically just said work and pay rent for 8 minutes. That's not an alternative to buying a house with a mortgage. If the point of your advice WAS start a side hustle, maybe titling your video "Halal Side Hustles" would be less misleading. And then actually give your opinion on good side Hustles. I'm not quite sure who this video is actually helping. Again, I say this with respect. Selamün aleyküm.
That was the whole point yet you dont get it. Stay away from haram. Dont buy a house, rent a house and live a happy life without burden. Dont lock your money in buying a house, do other investments instead and enjoy your life as well maintain your akhirah. How inconvenient of you, and ofcourse it helped me a lot. Walaikum Assalam
jazakallah khair brilliant video as per, but bro 3 ads in one video?? i understand your trying to make money from this youtube ting but bro 3 ads in one video is unheard of lool
@@abumusa_ch salamu'alaykum brother, please know that you are allowed to swear only by Allah, so InshaAllah remember that for your own benefit. BarakAllahu feekum
@@khadizamrs6048 I understand and your completely right. I didn’t actually swear by anyone rather used as a phrase of affirming something. I hope that makes sense and please continue to always correct me I’m not someone who doesn’t want that rather I need it. Wa iyaaki
This brings so much peace to your mind when you realise that, don't be saving up to lock away your wealth, when it can be utilised in a better and more efficient way
100%%% facts
JazakAllah Khairan. Lots of people need to hear this to stay on the right path. Starting a business or generating a secondary source of income is always hard to start but once it’s running it’ll be very beneficial. I have yet to find my second source but insha’Allah it’s soon
May Allah swt make it easy for you and I!
JazakAllah. I liked how you mentioned the fatwa 'buying your first home in interest is allowed if its necessity' is not permissible. Unfortunately alot of muslims i know are using this fatwa to satisfy their desires.
But many scholars say car insurance is permissible due to " undue hardship " and you could say the same for renting . Where's the consistency
Wa iyaak
Honestly I agree with you on this point and have been reflecting on it. Will be asking this same question to someone of knowledge In Sha Allah
I agree with you , it’s because not having insurance can lead to a jail sentence. Not buying a house won’t lead to a jail sentence.
@@shahee6579car insurance is a necessity to be able to drive a car. It's forced upon a person.
A person isn't forced to get a mortgage, they choose to get one. If they don't have a mortgage, they can still live in a house.
This is one of the many benefits of such solid teachings from the Quran. It’s empowering people not only spiritually but financially too!
I'm not a Muslim, but I completely agree. Mortage are terrible investments unless you're buying to let.
Appreciate you
yes but, not all of us are business minded though. Most people just want a quiet life, worship the creator, raise kids, got to work, have some leisure time. That's the majority of people.
So U rather work for a company than run your own with your own timings, that's crazy.
You can either build your own dream or help build someone else’s dream
There's absolutely nothing wrong with that life bro
@@Iamwhatyousayiam there's a book by ibn rajab about the evil craings of wealth and status in islam, i think it's a must to look into these things
@@CallOfPoop1not at all
Not everybody is expected to run a business
Some need to work for it some need to use its service or product
A great alternative is to go with seller financing. There are many motivated sellers who want to get rid of their houses. Look for a property in distressed condition and ask your realtor to find homes with a seller financing option, ideally with 0% interest. Trust me, they can find one for you.
Don't negotiate on the listing price, and try to offer a higher-than-average down payment to secure the deal. I'm confident you can find sellers like that. Just give it a try!
The problem is house security, and rent is now £1600 for 1 bed (not including Council tax), not everyone is business minded ... Any advice on this?
Are you new on youtube, this is very good Mashallah keep it up
Yes I am. JazakAllahu khairan really appreciate it
Could you do a video on buying cars. Some of us are car enthusiasts, and would like to one day purchase a nice car, maybe even used. One could be able to afford the monthly payment on a used range rover. What approach would you take if you can't buy it out right?
what if you “need,” a house not for showing off but because you live in 1-bedroom apartment with 2 kids, we sharing a bedroom. Renting a bigger apartment is too expensive & we don’t even qualify for a 2-bedroom base on income but sadly qualify for a mortgage.
So only alternative option to a mortgage is 'rent'.
You said 30-40k salary person. That person can't afford rent in London or surrounding area.
No mortgage alternatives given, no business ideas given. £5k investment gives £1.5k return, where and what?🤦♂️.
U deserve more subs
In Sha Allah! with time
You didn’t actually answer the question like how , practically how to get a halal home ?!?
By have a home I think he meant have a place to live in, by renting
You're right he didn't. Not did he explain where 5k investment gives 1.5k return.
Only halal option is probably islamic mortgage which has huge profit rate (which still follows bank of England base interest rate) 🤦♂️
Sorry brother but renting is truly not feasible when they are charging over 1000k a month and mortage repayments are such less, theres so many downsides to renting
Can you research and make a video about 'Wayhome'. They say they are interest free.
Brother one question what about car insurance because we have to pay interest on that as well
But you still didnt tell us an alternative either! Even with a side business… we cant make enough to do a full payment of the house to buy the first house🙄
It is not possible to rent for some people as low income such as monthly after tax some earn £1300 to £1700, rents are so much higher and they will make you struggle, and not everyone can get council house. Also most of these council houses area are bad with these bad people around, plus the mortgage rhe more deposit, the cheaper. What can we do? I wish i could talk to allah to come with an easy solution.
I'm in a similar situation, if I got one mortgage in 2017 in London I'd be paying £800 per month, now I'm working two jobs to pay rent of £1330 per month, I will never own it, and the price is going up to £1420 in 3 months.
Brilliant msg.
My parents are giving me a house they now own after paying its mortgage, is it haram if i live in it eventhough i have nothing to do with the past mortgage and am not paying anything?
Landlord increases rent every year
Brother what’s your view on the food industry such as getting into rice/atta example company -Tilda if you can could you please make a video on this please
Bro didnt get this question ngl
Salam bro. I'm a new subscriber to your channel. I would like you to explain more in depth why Al-Rayaan bank is haram. I know you've already done a video previously but I felt you didn't go into more in depth. I.E I would like you to bring out Al-Rayaan policies black & white and explain/quote hadith where they are going wrong. . . . Not verbally what you believe or think or what your teacher saying. I would much prefur you to bring up their policies, they're fatwa and then explain why its "HARAM" . . . P.S I appreciate all your advice so far. May Allah reward your intentions and forgive anything you may have said inaccurately.
@abuMusa
Wa alaikumaslam habeebi,
Firstly JazakAllahu khairan habeebi. I think a video on this is needed and I will make one on this In Sha Allah. For the mortgage to be legitimate and halal as they sell it as a partnership but this isn't the case. The buyer holds the risk in many factors and Al Rayan would still expect their return and thus what it's sold as "a partnership" in truth is not a partnership & Allah swt knows best.
@@abumusa_ch I appreciate your response your explanation of partnership that was explained on your previous video was spot on! I agree however I have friends/family whom don't agree. . . They states how do you define partnership? In business & in any business we have different types, you have a silent partner, you have a side partner, you have a partner who only invest so how you define partnerships is different to how someone else would define partnerships it doesn't mean they are wrong, as long as everything is explained at the start & both parties agree then I dont see it haram. End of the day it's a business and they have to survive, they providing a service & a massive funds in order to keep the ball rolling. . . ( again for the record I belive its Haram.) I look foward to your future video going more in the depth and emphasise on why I.e quotes from Hadith etc.
@@mutahirali4103 No problem my bro, so obviously here we say that it's islam that sets out what is acceptable or not. Your right that partnerships vary but which partnership would you find that says if you lose the money (house price drops below the mortgage amount) only one party is responsible ie the buyer. That's why this is not even a fraction of a partnership it's simply playing with words. Allah swt knows best
@@abumusa_ch Again I totally agree it doesn't make sence but on another video just go in to it abit more giving factual example on how they operate, like the example you just mentioned in your last comment so it's more descriptive, theyre policies how they operate etc. Really appreciate your videos bro & keep them rolling in. May Allah reward your effort.
Assalamu Alikum ! brother
Kindly make a video on how to run a business without Riba?
Not all houses are same. home value goes up you move out of country like you did
But if you don’t buy now for 300k, you might never afford to buy in future when it goes 500k
what if you “need,” a house not for showing off but because you live in 1-bedroom apartment with 2 kids, we sharing a bedroom? Renting a bigger apartment is too expensive & we don’t even qualify for a 2-bedroom base on income but sadly qualify for a mortgage.
Can you go to hell on behalf of everyone at your home? Stop ruining your akhirah. What if you buy a house and die after a few years?? Or you get into an accident who knows? Who would be paying that debt of yours? Your family or they might not be even able to pay it and they get expelled from the house. Say Alhamdulillah and start living your life without any greed. Praise Allah for even that one room he has given to you but atleast you are healthy and with your family. Always thank Allah
Most of the online earning is haram specially when you come to investment forex, stock trading, mortgage and youtube monetization is also haram earning these all are totally haram.
and your proof argument is ??? forex, I understand but stocks ?? listen your a nobody just claiming it is haram with out any clarification is unacceptable.
Aslamualykum brother, what can you recommend in terms of investing? Where does that investment go?
£5000 investment for a £1000 return a month sounds very unrealistic
I’m a college dropout with no idea on what to do in the near future, I have no qualifications and I have terrible grades, I made a few big mistakes which led me to that cause I was always an A* student, I need to start making money as soon as possible Inshallah and soon start something of my own, what advice would you give someone like me?
Try to get into an apprenticeship look at starting at gcse level and work your way up - you will get money , experience and qualifications or work and invest that money
Not everyone has a business mindset, where would they go?
What about Murabaha?
So helpful, MashaAllah, Jazakallah Khair
Wa iyaaki! Appreciate it
و عليكم السلام و رحمة الله وبركاته
و عليكم السلام و رحمة الله وبركاته
My parents recently bought a house with a mortgage what should they do
This is before they knew it was haram
Sell it
What is the problem having a mortgage or loan?
Should i do an apprenticeship if i want to become an accountant instead of going to university?
So bro my best friend Fehzan Mehdi has a channel check it, his name but I know he's of the opinion school leaver programmes are better
I'm a part qualified accountant who studied at university and now I have a job but I wish I did an apprenticeship because I would have been in the same place I am now or even higher but without the debt or the interest which is haraam
Apprenticeship. Do AAT then do the ACCA exams
Bro that red bull on the table is not halal
Jazakallah khair. انشاء اللّه.allah kareem hi
Are u a sheikh or iman
No bro I'm nothing like that
Abu musa give a job brother
Thumbnail is mid leading
4th hahahahahha
Useful
JazakAllahu Khairan habeebi
bro make a video how much youtube have paid you soo far
I will In Sha Allah bro I'm planning that for Feb next year
@@abumusa_ch 😥😥😥😥 thats far away
3rd
Selamün aleyküm Brother, appreciate the trying to help.
But with respect, you've said a whole load of things and said nothing for 8 minutes.
Your video is titled "alternative to a mortgage".
Anyone who knows anything about Islam already knows interest is haram.
So you've basically just said work and pay rent for 8 minutes.
That's not an alternative to buying a house with a mortgage.
If the point of your advice WAS start a side hustle, maybe titling your video "Halal Side Hustles" would be less misleading.
And then actually give your opinion on good side Hustles.
I'm not quite sure who this video is actually helping.
Again, I say this with respect.
Selamün aleyküm.
That was the whole point yet you dont get it. Stay away from haram. Dont buy a house, rent a house and live a happy life without burden. Dont lock your money in buying a house, do other investments instead and enjoy your life as well maintain your akhirah. How inconvenient of you, and ofcourse it helped me a lot. Walaikum Assalam
jazakallah khair brilliant video as per, but bro 3 ads in one video?? i understand your trying to make money from this youtube ting but bro 3 ads in one video is unheard of lool
Swear i’m not doing that myself you know😂 like I didnt place them thats youtube doing it🤦🏻♂️
@@abumusa_ch salamu'alaykum brother, please know that you are allowed to swear only by Allah, so InshaAllah remember that for your own benefit. BarakAllahu feekum
@@khadizamrs6048 well he didn't mention who he swore by, so i don't see the issue. I interpreted it as by Allaah
@@khadizamrs6048 I understand and your completely right. I didn’t actually swear by anyone rather used as a phrase of affirming something. I hope that makes sense and please continue to always correct me I’m not someone who doesn’t want that rather I need it. Wa iyaaki
RUclipss been putting ads on some non monetized channels, they changed their terms of service or something recently so that’s probably why.
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