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I dont understand what the obsession is with owning land/house in Somalia/Somaliland when folks are paying rent for the house they live in here in the West.

Octavius wrote:I dont understand what the obsession is with owning land/house in Somalia/Somaliland when folks are paying rent for the house they live in here in the West.

Because more and more Somalis are leaving the West for the motherland and people wanna grab their piece of the pie before it's too late

Methylamine wrote:

Lillaahiya wrote:Through inheritance yeah. InshaAllah I own a piece of land in Hargeysa by the time I'm 30

So you're looking to buy land next year? I can get you a sweet deal on some jagos in Dumbuluq if you like, though you might need to stay strapped during the signing process

Anigo jigjig yar haysta maxaan dumbuluq iyo daantaas ku fali

Lillaahiya wrote:

Methylamine wrote:

Lillaahiya wrote:Through inheritance yeah. InshaAllah I own a piece of land in Hargeysa by the time I'm 30

So you're looking to buy land next year? I can get you a sweet deal on some jagos in Dumbuluq if you like, though you might need to stay strapped during the signing process

Anigo jigjig yar haysta maxaan dumbuluq iyo daantaas ku fali

Ok, but when you can't find any plots in your beloved xaafad, don't be running across the bridge looking for me huuno

:rolleyes:

Octavius wrote:^ There are several halal/affordable ways to finance a home purchase.

'Halal mortgages' in Europe have been proven not to be so 'Halal', they have complicated and sophisticated financial instruments that are same if not worst than 'ribaa'.

In fact the 'Halal mortgages' wave is the best thing that happen to the banking world since the Renaissance period which the 'The De Medici family' reforms on the banking laws which was anti-ribaa because of the Vatican anti-ribaa views before the thirteenth century. The De Medici family of Florence lobbied and pressured the Vatican to legalised interest and ribaa.

Now, since the 2007/8 'credit crisis' most if not all the populous in the western world have lost faith in Banks now 'halal mortgages' is the Bankstars answer to the 'credit crisis', because now they have what seems to be fair and equable mortgages.

These Bankstars are five steps ahead of you.

Going back to property my advise always buy cheap house that increases in price, preferably in a third world country, always pay in cash.

Not at the moment. But if I were to own a property, it would be here in the United States where properties would be protected. I don't see why a sane person would build a house anywhere in Somalia when that house will be demolished or ravaged with bullets.

SayyidUmar wrote:

Octavius wrote:^ There are several halal/affordable ways to finance a home purchase.

'Halal mortgages' in Europe have been proven not to be so 'Halal', they have complicated and sophisticated financial instruments that are same if not worst than 'ribaa'.

In fact the 'Halal mortgages' wave is the best thing that happen to the banking world since the Renaissance period which the 'The De Medici family' reforms on the banking laws which was anti-ribaa because of the Vatican anti-ribaa views before the thirteenth century. The De Medici family of Florence lobbied and pressured the Vatican to legalised interest and ribaa.

Now, since the 2007/8 'credit crisis' most if not all the populous in the western world have lost faith in Banks now 'halal mortgages' is the Bankstars answer to the 'credit crisis', because now they have what seems to be fair and equable mortgages.

These Bankstars are five steps ahead of you.

Going back to property my advise always buy cheap house that increases in price, preferably in a third world country, always pay in cash.

I wasnt talking about mortgages.

Welfare is far from halal and no one complains about it, but when it comes buying a decent home in a decent neighbourhood and raising your children away from bad peer influences in the projects, all the red flags of riba are raised. I have yet to see Somalis refusing welfare. In-fact they have to lie to the welfare authorities gain more.

wait until the next economic collapse which will happen when the stock market goes up another 20%

real estate will drop again as it did in 2009

right now, real estate is back to its 2003-2004 levels

Machiavelli2 wrote:Welfare is far from halal and no one complains about it, but when it comes buying a decent home in a decent neighbourhood and raising your children away from bad peer influences in the projects, all the red flags of riba are raised. I have yet to see Somalis refusing welfare. In-fact they have to lie to the welfare authorities gain more.

How is welfare haram.
London property market is ridiculous, to even qualify for mortgage you need well over 6 figures and that is considered haram anyways.. A good 5 bed house in a nice area is about £2 million, and this even excludes a garden. Rip off Britain.
A better question is who are business owners, that is real wealth.

FAH1223 wrote:wait until the next economic collapse which will happen when the stock market goes up another 20%

real estate will drop again as it did in 2009

right now, real estate is back to its 2003-2004 levels

House prices still rising but at a slower rate, it will take some miraculous intervention to burst the bubble, but hopefully it will happen sooner rather than later.

STARKAST wrote:

Machiavelli2 wrote:Welfare is far from halal and no one complains about it, but when it comes buying a decent home in a decent neighbourhood and raising your children away from bad peer influences in the projects, all the red flags of riba are raised. I have yet to see Somalis refusing welfare. In-fact they have to lie to the welfare authorities gain more.

How is welfare haram.
London property market is ridiculous, to even qualify for mortgage you need well over 6 figures and that is considered haram anyways.. A good 5 bed house in a nice area is about £2 million, and this even excludes a garden. Rip off Britain.
A better question is who are business owners, that is real wealth.

Since the sources of welfare are taxes collected from tax-payers like riba based financial institutions, brothels, porn & alcohol manufacturers, producers and distributers, gambling dens like casinos, should we close our eyes and shut down our thoughts and claim the proceeds of welfare are halal? Far from it brother.

Some scholars justified paying a mortgage is as a "necessity" and equated it like taking a loan for a major health operation. We commit bigger sins as Somalis because on this forum, we encourage consciously or sub-consciously tribal cleansing that causes the suffering of other Somalis, therefore, unless we are hypocrites, riba should be the least of our concerns. Getting out of the projects should be a major consideration for families and move to an area where they could raise their children free from negative peer influences.

Opinion, July 2003, www.aljazeerah.info

Buying a House On Mortgage

http://www.aljazeerah.info/Islam/Islami ... rtgage.htm

outside somalia none.

i'm saving to buy small house in dimashq insha'allah.

I co-own 3 houses in Somalia through inherence. But I am not going to buy a house in the states,, I will buy a house in South Africa insha'Allah