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Shariah compliance in Safe Home's financing plans means that we strictly adhere to Islamic principles and laws, avoiding practices that involve riba (interest), gharar (excessive uncertainty), and haram (forbidden) activities. Our financial products are designed to align with Islamic values, emphasizing fairness, transparency, and mutual benefit in all transactions.
Safe Home avoids riba by not providing traditional loans with interest. Instead, we purchase the product on behalf of our customers and charge a corporate fee for the service. This model ensures that the transaction remains halal (permissible) under Shariah law, as it is based on a clear and fair exchange rather than interest-bearing loans.
Safe Home’s financing plans are based on key Islamic principles such as justice, equity, and transparency. By purchasing products on behalf of our customers and charging a corporate fee, we ensure that our transactions are straightforward and free from uncertainty (gharar). This approach aligns with Islamic teachings on fairness and ethical business practices.
Safe Home collaborates with respected Islamic scholars who carefully review our financing plans to ensure they align with Shariah principles. We have obtained a fatwa, a legal opinion from these scholars, confirming that our financing practices are halal and in full accordance with Shariah law. This process ensures that our products remain ethical and compliant with Islamic values.
A fatwa is an authoritative legal opinion issued by Islamic scholars. Safe Home has obtained a fatwa from our Shariah board, certifying that our financing plans are Shariah-compliant. This fatwa provides assurance to our customers that our products adhere to the ethical and legal standards of Islamic finance.