Home-buying

3 Key Lessons from the Halal Homebuying Scholars Roundtable

Our Halal Homebuying Scholars roundtable sparked a significant conversation around shariah-compliant homeownership in the UK. As more Muslims look for ethical and halal ways to purchase homes, this roundtable provided clarity on the guiding principles of Islamic finance.

3 min read

By Kaynat C.

In this follow-up, we highlight the key lessons from the discussion and share feedback from the community, further solidifying how Muslims in the UK can pursue homeownership in a way that aligns with their values and faith.

Lesson 1: The importance of ethical finance

One of the core themes of the roundtable was the importance of ethical finance within Islam. As emphasised by the scholars, shariah-compliant finance isn’t just about avoiding interest (riba) — it’s about promoting fairness, transparency, and equity in financial dealings.

Islamic home-buying solutions like those offered by Pfida are designed with these ethical principles in mind, ensuring that both the buyer and the provider share risk and reward fairly. This is a crucial element for Muslims seeking ethical financial products.

Lesson 2: Choosing the right halal home-buying option

Another major takeaway was the variety of halal home-buying options available. The scholars explored the differences between:

Islamic home purchase plans
Shared ownership models
Why conventional mortgages, involving interest, are not permissible in Islam

The discussion highlighted that each halal financing model has its pros and cons, and that it’s essential for Muslims to understand the contracts they enter into, ensuring they align with their values and the teachings of Islam.

Family of four with child on father's shoulders looking into the sunset | 3 Key Lessons from the Halal Homebuying Scholars Roundtable

Lesson 3: The role of shariah councils

The scholars strongly emphasised that shariah councils play a vital role in ensuring Islamic finance products remain truly compliant with shariah law. Unlike conventional products, which may be signed off by individual scholars, halal financing options should ideally be approved by a collective group of scholars to ensure they meet the highest standards of Islamic finance.

Pfida’s Halal Homebuying Scholars roundtable has shown that there are ethical, shariah-compliant ways to own a home in the UK. Whether you choose an Islamic mortgage or Pfida’s shared ownership model, there are solutions that align with Islamic finance principles. Stay informed, choose wisely, and always ensure that your financial decisions are guided by your needs.

Muslim family by the waterfront enjoying a moment together | 3 Key Lessons from the Halal Homebuying Scholars Roundtable

What’s next?

At Pfida, we’re always looking to provide more resources and support for those interested in shariah-compliant homebuying options. Here’s how you can take the next step:

Watch the full roundtable: If you haven’t already, catch the full Halal Homebuying Scholars roundtable for detailed insights from our panel of Islamic finance experts. Watch it here.
Explore Pfida’s solutions: Are you interested in buying a home in an ethical, shariah-compliant way? Find out more about Pfida’s shared ownership model and halal investment accounts. Click here to learn more.
Get in touch: Have questions about halal homeownership? Click here to schedule a call with our team at Pfida.