Assalamu alaikum, Dear respected scholars. I am a muslim man that is trying to avoid riba in my life as much as possible. Can you please tell me if Irara loans company is truly interacting in an islamic way. Their principles they state are islamic. Yet I heard that there may be an issue if the company is using conventional banks to get their money to fund the various home projects. I don't know if that is what Ijara loans does but I am sure you have heard of this company as I see it mentioned here a few times. Please guide me as to whether this company deals islamically or not. Ahmed

AAWW

The company in question should not be an option for you at this time, as their model is to ask their clients to finance through a conventional finance (bank, mortgage company,..etc), and then they establish what is so-called a (trust) to own and manage the property. Obviously, this is not the right way to finance through Ijarah model in the Islamic Financial System. It is an unacceptable way to circumvent the Islamic law, and it is denied.