Financing house purchase in the west : renting versus mortgage

السؤال

Assalamu Alaikum : my question may already be one that has been hashed and rehashed through the years, but here I go anyway. It is regarding rent versus mortgage. What is the opinion on paying rent, say $ 1500 on an apartment, or a lesser amount for a larger house on mortgage ? I ask because friends and family have made the comment, "It may be Haram to pay so much in rent and not even own anything while you can have a mortgage and have your monthly payments go towards something". Assume that at the present moment, no interest-free banking system exists in the area. It's rent vs. interest-based mortgage.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2002-03-27

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• التأجير
• الرهن

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725442

• APA
• MLA
• AMA