Assalamualaikum was rahmatullahi wa barakatuhu
Many many thanks for your time and help.
Please let me know.
i'm trying to verify if Devon Bank's Murabaha financing is actually approved or not and if it would be permissible to buy or refinance home with this Murabaha.
"the initial murabaha and ijara products were reviewed by the Honorable Mufti Muhammad Nawal-ur-Rahman and the Shariah Supervisory Board of America, located near Devon Bank’s main office in the Chicago neighborhood of Rogers Park. After requested changes were made by the Bank, a fatwa was issued by the Shariah Board approving these products."
I was searching if there is any halal/permissible financing for buying/refinancing home. i found followings on Devon Bank's website :