ETHICAL FOUNDATION
Shariah Governance
Transparent, certified, and built on Islamic principles. Every transaction at Jumeirah is guided by Shariah law.
OFFICIAL CERTIFICATION
Fatwa Certificate
Jumeirah 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 Shariah Compliance
Issued by the Shariah Advisory Council
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.
Ustadh Luqman L. Bin Usman Imam
MAIS, SCL President
President and CEO of the Philippine Ulama Congress Organization Inc. Ustadh Luqman oversees the organization’s functions as a primary Halal-certifying and training body. He is a key advocate for bridging the knowledge gap between Islamic jurisprudence (Shari’ah) and the Philippine industrial landscape.
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. Henry Santos
Legal & Compliance Advisor
Atty. Henry Santos serves as the Legal Advisor of Ver Development Corporation. He provides expert counsel on corporate, real estate, and compliance matters, ensuring that all company transactions and operations adhere to Philippine laws and regulatory standards. His extensive legal experience supports the company’s integrity, governance, and long-term stability.
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 | Murabahah (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 |
Murabahah (Cost-Plus Sale)
The most common Shariah-compliant property purchase method. Jumeirah Estates purchases the property, then sells it to you at a disclosed markup. The total price is fixed from day one with no hidden charges.
- Fixed price known upfront
- No fluctuating payments
- Clear profit margin disclosed
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.