Is investing in properties on the addy platform considered halal?

Information regarding interest-bearing properties

Based on our research and assessment, we regret to inform you that, in our view none of the current properties on the platform can be considered halal investments. This is because all of them have or are going to obtain interest-bearing loans.

Regarding your question about whether the money paid by investors is used to pay mortgages, in general, when an individual invests in a property through addy by buying an issuer's securities, their investment, along with those of other investors, is pooled together to finance the purchase or renovation of the property. This financing may include the use of a mortgage, which is repaid over time with interest.

It is important to note that this response only represents our views on a subject on which we are not experts and is not financial or legal advice. We strongly encourage you to conduct your own due diligence and research before making any investment decisions and to seek appropriate professional advice. We understand that the concept of halal investment is significant to many individuals, and we apologize for any inconvenience caused.