[Islamic mortgage to buy a house]

السؤال

Riba-based bank (there is no Islamic bank here) owns a house (foreclosure). I go to the bank and say that I want to buy the house and I will pay 20 % of the price. The bank says that it will invest the remaining 80 %. The bank tells me a fixed monthly installment (basically fixed interest) which I need to pay each month for the entire term and then the house will be mine. Is it permissible ? Do I need to bother how the bank is coming up with the money since it is bank’s house ? Don’t you think it's same as me going to a friend and saying that I want to buy his house paying 20 % as down payment and will pay the rest in installments for say 10 years. My friend agrees and says that I need to pay the remaining 80 % (equivalent to say $ 10000) plus $ 5000 since I am paying in installments.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2012-04-30

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• الشراء
• الرهن العقاري

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-733442

• APA
• MLA
• AMA