ETHICAL FOUNDATION
Shariah Governance
Transparent, certified, and built on Islamic principles. Every transaction at Jumeirah Estates is guided by Shariah law.
OFFICIAL CERTIFICATION
Fatwa Certificate
Jumeirah Estates operates under an official Fatwa certification issued by recognized Islamic scholars, affirming that all our business practices, contracts, and financial transactions are fully compliant with Shariah law.
No Riba (Interest)
All financing structures are free from interest-based transactions
No Gharar (Uncertainty)
Complete transparency in all contracts and pricing
Ethical Investment
Funds are never used for haram activities
Certificate of Shari'ah Compliance
Issued by Philippine Ulama Congress Organization, Inc,
Certificate No: 25-00-01NFP08C01R-051525
Issued To: Ver Development Corporation
Valid Until: May 2028
Scope: Real Estate Development & Sales Operations
EXPERT GUIDANCE
Shariah Advisory Board
Our Advisory Board comprises respected Islamic scholars and finance experts who ensure every aspect of our operations meets the highest standards of Shariah compliance.
Dr. Ahmad Hassan Al-Mubarak
Chairman, Shariah Advisory Board
Ph.D. in Islamic Finance from International Islamic University Malaysia. Over 25 years of experience in Islamic banking and Shariah compliance advisory. Former member of the Central Bank Shariah Board.
Ustaz Ibrahim Yusuf Santos
Shariah Compliance Officer
Graduate of Al-Azhar University. Specialized in Fiqh Al-Muamalat (Islamic Commercial Jurisprudence). Currently serves as resident scholar and oversees daily compliance operations for all Jumeirah projects.
Atty. Fatima Reyes-Abdullah
Legal & Compliance Director
J.D. from Ateneo Law School with specialization in Islamic law. Ensures all contracts meet both Philippine law and Shariah requirements. Expert in Murabahah and Ijarah property contracts.
TRANSPARENT CONTRACTS
Understanding Shariah Contracts
See the clear difference between conventional financing and our Shariah-compliant contract models. Choose the path that aligns with your faith.
| Feature | Conventional Financing | Musawamah (Shariah-Compliant) |
|---|---|---|
| Interest (Riba) | Interest-based loans | No interest - profit margin only |
| Price Structure | Variable interest rates, hidden fees | Fixed total price, no surprises |
| Ownership Transfer | Bank owns until fully paid | Immediate ownership upon contract |
| Late Payment Penalty | Compounding interest charges | Charity donation (no financial gain) |
| Contract Transparency | Complex terms and conditions | Simple, clear terms |
| Risk Sharing | All risk on buyer | Shared risk model |
| Ethical Standards | Standard commercial terms | Shariah-certified ethical standards |
| Early Settlement | Penalties may apply | Rebate (Ibra') may be given |
Musawamah (A Negotiated Value Sale)
A flexible, Shariah-compliant approach to property ownership based on a mutually agreed-upon price. Under this arrangement, Jumeirah acquires the property and sells it to you at a final, all-inclusive figure.
- Final cost is agreed upon by both parties.
- The total amount is fixed from day one.
- No hidden charges or fluctuating payments once the contract is signed.
Ijarah (Lease-to-Own)
An alternative where you lease the property with the option to purchase. Each payment brings you closer to ownership. Perfect for those who want flexibility while maintaining Shariah compliance.
- Flexible payment terms
- Option to purchase anytime
- Rent payments build equity
Ready to Invest with Peace of Mind?
Schedule a consultation with our Shariah Advisory team to discuss your property investment goals.