Fake Diminishing Musharakah | Halal Mortgage Scam | Fake Islamic Finance #islam

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For a Partnership to exist. Losses or risk of losses are shared between partners proportionate to their shares in the overall partnership. Without sharing in the loss or the risk of loss it’s not a real partnership. The diminishing Musharakah Halal mortgage in Literal terms is an Optional Securitized Declining Share Partnership Agreement. Once again, Not a real Musharakah/Partnership if there is no sharing in the risk of losses. So your main question should be to confirm and demand to see the wording on the main contract that states the losses will be shared proportionally to equitable. Meaning actual ownership in the house of each partner. If you don’t see that or can’t confirm it, don’t buy into it. MOST financial institutions in the western world will not take equity positions in your properties. Because that requires taking risk of losses.

2nd excuse to watch out for is If you’re required to take the full risk of loss under the condition or explanation that you can take the full profit because you will become the eventual sole shareholder, buying out the other “partners”. That’s not a partnership. It’s a loan. One partner cannot guarantee the capital of the other partner.

Relevant to this is a third point to hammer down on. If there is recourse against you for any and all financial losses including losses not caused by your actions and that you’re not at the fault of. Once agian goes back to the financier not taking a real equitable ownership position in the home and not willing to share any losses. It’s a guarantee of the financiers' invested money. A real Diminishing Musharakah halal mortgage has no mortgage recourse for events where neither of the partners are the cause of losses. Losses are just shared according to partnership shares.

Early payment. If you make a full payment buying out the other partners, is there a penalty like 3 month rental rate or rental rate differential? If so, it proves that any profit in this deal is being made on the amount and time the money has been lent out which is interest. The correct term for those penalties is 3 months interest and interest rate differential penalties.

During a high-level meeting with a top members of one of these fake halal mortgage companies, I once asked how the partnership of the lender was registered at land titles in their “halal” mortgage process. His words “By the security registered against the property”. I won’t spend to much time on this point. Bottom line thats not right at all.

If you’re given this sorta explanation, 100% expect that you will be signing a Musharakah agreement with a 3rd party company, an interest loan agreement with a well-known bank and mortgage docs giving security to the bank but not your so-called Halal mortgage company. Means the Musharakah agreement you signed is Burnable! You can burn it. It means nothing along with the opinion of any imam or mufti who told you their process is Halal. You have a haram interest mortgage.

To understand if you already bought or are being sold a fake halal mortgage, you need to do 3 things.

1st is mindset. Remove your bias of wanting any option marketed to you as Halal as being authentic. No matter how much you may want the easy and familiar option to be halal, it’s not.

2nd is learning the differences between a real Diminishing Partnership Halal Mortgage vs straight-up regular Interest mortgage that you can get from down the street. Watch the full video Diminishing Mushakarah vs interest mortgage.

3rd Ask questions. I listed like 15 of them in the description of the video Diminishing Musharakah vs interest mortgage s please watch that video.

Are you a victim of a fake diminishing musharakah or halal mortgage scam? In this video, we expose the truth behind these fraudulent practices that are claiming to offer Islamic finance solutions. From fake Shariah compliance to high-pressure sales tactics, we reveal the tactics used by these scammers to defraud unsuspecting Muslims. Don't fall victim to these scams - watch this video to learn how to protect yourself and your family from these predatory practices. With valuable information and practical tips, this video is a must-watch for anyone looking to avoid the pitfalls of fake Islamic finance.