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Ebrahim Desai is a South African Mufti of Indian origin who is an Islamic Scholar and the Grand Mufti of South Africa. He was trained in a Hanafi Deobandi legal school.
He runs the fatwa website Ask Imam, an online Islamic questions and answers database of Darul Iftaa Mahmudiyyah. Previously, he used to head the Dar al-Ifta of Madrasah In’aamiyyah. He is currently the senior lecturer of Hadith at Darul Uloom Nu’maniyyah in Chatsworth, KwaZulu-Natal and Madrasah Hameediyyah in Durban.
He has been ranked among The 500 Most Influential Muslims compiled by the Royal Islamic Strategic Studies Centre.
Manzil is the only institution in Canada that has access to an open fixed rate Murabaha mortgage with payment terms of up to 25 years. No pre-payment penalties and no profiting off of delayed or default payments.
Manzil Murabaha Mortgage is a fixed rate product where Manzil purchases the property you wish to acquire from its seller and then sells it to you for price that includes Manzil’s profit. You become the owner of the house immediately, with a mortgage on the property in favour of Manzil which is discharged once you complete the payment of the sale price.
Manzil Musharaka Mortgage is a variable rate product where Manzil and you jointly purchase the property you wish to acquire, becoming partners therein. Then, Manzil gradually sells parts of its share in the property to you for an agreed price (which may vary from time to time). With every purchase you make, your share in the property increases and Manzil’s share decreases until you become the sole owner of the property.
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