Financing house purchase in the west : buying homes in Canada : [1]

السؤال

Al Salam Alaikum : this is a brother living in Canada. I have a question that most Muslims in non-Muslim countries have trouble with. I have been married for two and a half years. My dream with my wife is to own a house, through Halal ways (mainly paying cash for the house). Since we got married, we've been saving every penny we can. My wife worked with me and we both saved our incomes to buy a house, a place that we can call our own to finally as Palestinians in origin, to own anything. So, now we thought that we can actually buy a house in Halal (cash, no mortgages or interests, or Riba), every penny is from our hard work, time and health. However, when we started looking for the place and house, we only realized that the house prices have gone up by almost 20 %. So we are back to square zero. According to what's happening in North America nowadays, the prices will not go down, if they don't go up they will stay the same. To save the extra money on the house price, we need another year or two (if they didn't keep going up). We tried to look for Halal ways other than cash but none seemed to work. Here in North America they don't do Halal financing, and if we want to go to an Islamic company, they first make sure that the economy is doing well and that they will definitely make money (we already contacted them a million times, but they keep ignoring our calls). We feel that we are paying too much for rent (we currently rent a very small apartment, one bedroom only, and we are expecting to have our first baby in the next three months). We are squeezed in this little apartment, and when the baby arrives, it will only be worse. I already had to convince my wife that we can only buy a little bed for the baby, but we can't buy him anything else, since there is no room for anything else (the bed, we have to squeeze it beside ours somehow). She is patient and understanding, and wants everything in Halal, but I feel that my hands are tied and I can't do anything. I only need that extra 20 % of the house price and I can buy her and my baby a nice new home. Believe me, I'm going for the cheapest and smallest house, nothing exaggerated, but I still can't even afford that. So many people told me to go for a mortgage from the bank, but I keep refusing. But finally I decided to talk to you through this e-mail to tell me what you think. I'm waiting for your reply with patience, and I hope you understand my situation. If you feel you need more details, feel free to contact me through this e-mail address, or even I can call you by phone if you wish. Thank you for your time, and waiting for your reply. Al Salam Alaikum, Hisham.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-02-08

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• المباني السكنية
• التمويل
• الشراء

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725427

• APA
• MLA
• AMA