Crowd To Live

Once a Champion has identified a property from the open market, CrowdToLive® will assess the property and the champions circumstances to make sure this will be a good investment for all parties involved. Once approved, the property will be purchased jointly with the champion and a limited liability company, incorporated to purchase that property. Investors will buy unlisted shares in the company through the CrowdToLive® portal. All the shareholders shares will be registered via Companies House.

Both of them will own the property. The shares in the company will give the investors shared ownership in the property and allows them to receive dividends once the company is profitable. Both parties would also benefit from capital appreciation - it should be noted that any appreciation as a result of the effort of the champion (work carried out on the house, the champion will take the benefit of that.

The property will be rented out to the Champion will be pay rent. Any profit from the rent (i.e., after company expenses and taxes) will be distributed as a dividend by the company.

Rent will increase yearly at each annual anniversary of the lease by the rate of inflation.

Furthermore, investors could potentially benefit from the capital appreciation of the property and could sell their shares at a higher price than the price purchased for However for the investor, it may not be easy to sell their shares as they are unlisted. Therefore, you’ll have to find a buyer yourself.

Like many of the best ideas, CrowdToLive® was developed to solve a problem. CrowdToLive® wanted to address the immense difficulties facing certain types of buyer when they seek a home of their own or wish to access rental yields from buy-to-let properties.

Such buyers include the self-employed, first-timers, Muslims who cannot pay interest to comply with their faith, expats, and NHS workers. They are the Champions – but CrowdToLive® caters for anyone with property-owning ambitions.

CrowdToLive® properties are located all around England. However, the main current focus is on the larger cities, where the available selection of properties is wider and there’s good liquidity if there is a need to sell.

At the time of writing, CrowdToLive® did not have a shariah board and therefore, not officially signed off as shariah-complaint. However, from in our knowledge, we feel this product meets all the requirements to make the product suitable for Muslims. CrowdToLive® is basically is a form of Shared Ownership (Musharakah) which has always unanimously been seen as a permissible way to buy property. Our view at Halal Options is that this type of model fulfils the spirit of an Islamic finance better than most Islamic Home Purchase Plans offered by Islamic Banks.