What is the status of www.ijaraloans.com in terms of Shariah compliance for business loans and Ijara contracts for home mortgages? I am unable to find any official fatwas on their website, and am unable to get official/clear information on their mortgage and loan business models.

Can the AMJA scholars study this matter and inform the public? Jazakum Allah Khair

AAWW

The mode of finance this company adopts is a semi-conventional one that is rejected.

It is rejected because the company is a broker and not a financier, meaning, they ask their client to approve his loan from a mortgage company first, and then they establish what is so called (trust) to own the property and lease it to the client. What is missing here is that the mortgage company is the one who paid for the property on an interest-bearing loan basis, yet, the trust owns it and leases it to the client!