We’ve been getting a bunch of queries on whether the government Help to Buy ISA is sharia-compliant or not.
Our view in a nutshell is yes the Help To Buy ISA government scheme is halal provided that it makes a material difference to your ability to save for a deposit. You must give away the interest but can keep the government bonus.
In coming to this conclusion we’ve consulted with a Mufti too. Read more details of the fiqhi analysis below.