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All CollectionsAbout StrideUp's Home Purchase Plan Shariah Compliance
Do StrideUp's Home Purchase Plans include interest?
Do StrideUp's Home Purchase Plans include interest?

Am I paying interest on the plan?

R
Written by Roshni Patel
Updated over 10 months ago

No, StrideUp's Home Purchase Plan does not involve interest because it's not a loan. Instead of lending money and charging interest, we co-purchase the property with you. You own a part of it and pay rent on the portion you don't own yet. Over time, you can buy out our share, eventually owning 100% of the property without paying interest.

StrideUp's home purchase plan product has been certified as Shariah-compliant by Amanah Advisors, please find the relevant FAQ here.

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