Diminishing Musharakah Halal Mortgage vs Interest Mortgage | Hard TRUTH!

The most literal breakdown of what a Halal Diminishing Musharakah in comparison to a traditional Interest mortgage. If you have wondered if your halal mortgage provider is actually selling you a real diminishing musharakah halal mortgage. Watch this video and go over the content. Youll easily be able to differentiate inshallah.

Questions to Ask Your Halal Financing Company!
1 - Is your diminishing Musharakah product contain 3 separate and individual contracts?
Ans: Answers coming soon. Watch the video for now.

2 - is your Musharakah contracts a 5 - 10 page document forming a partnership, a share buyout promise, and a rental agreement all in one contract?
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3 - Does your diminishing Musharakah product use specific language stating that the home is owned by the partnership and clearly states that all the partners take the shared risk of losses proportionate to their shares in the partnership? (If so can you please screenshot and send me that image?)
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4 - Are there any penalties for making full payment at any time of the mortgage?
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5 - Is there mortgage recourse against the home buyer for any and all financial losses including losses not caused by my conduct?
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6 - Does a Sale occur when I purchase partnership shares? Meaning. Is there an offer and is there an acceptance of the offer every time I purchase shares?
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7 - If so, do you provide a partnership share balance statement every time I purchase shares of the overall partnership which owns the home? Does a change of ownership occur between shares?
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8 - According to the government are your documents reflective of a loan or a partnership arrangement? As such what would they be registered as?
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9 - Is your “partner” in a diminishing Musharakah mortgage the name of a familiar bank or a conventional loan institution?
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10 – At any time will I sign a document that looks like a conventional interest loan agreement?
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11 - Will I be signing a loan agreement before taking possession of the property?
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12 - Are you gonna tell me that there is a Government requirement which states that I have to sign interest loan documents to get your diminishing Musharakah halal mortgage?
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13 - Will I sign A Musharakah agreement with your company, an interest loan agreement with a well-known bank, and mortgage securities where the bank is listed?
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14 - Are your scholars specialized in Islamic Finance?

15 - Who consists of your shariah advisory board?

16 - Who are the well-known Islamic banks or companies your shariah advisory board assists?

17 - Are you AAOIFI Compliant?