Buying a house with a bank loan while there are Islamic banks
Fatawa Question
In the name of God Dear sir ; Thank you very much for this opportunity, I need to ask if it is Halal to take a loan from a bank to buy a house for the family, knowing that me and my husband work and we live in a rental house, if we don't take a loan we will never be able to buy a house since we pay rent.. If we take a loan we will be paying almost the same amount as rent for the installment. Awaiting your answer. Thanks and Jazakum Allah Kheir
Fatwa
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Publication Date
2003-02-24
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Banks
- Islamic jurisprudence
- Islamic economics
- Financing
- Purchasing
- Real property
- Bank loans
- Usury
- Islamic Banks
Data Type
Fatawa
Language
English
Record ID
BIM-724603
American Psychological Association (APA)
Qahf, Mundhir. 2003-02-24. Buying a house with a bank loan while there are Islamic banks. .
https://search.emarefa.net/detail/BIM-724603
Modern Language Association (MLA)
Qahf, Mundhir. Buying a house with a bank loan while there are Islamic banks. 2003-02-24.
https://search.emarefa.net/detail/BIM-724603
American Medical Association (AMA)
Qahf, Mundhir. 2003-02-24. Buying a house with a bank loan while there are Islamic banks.
https://search.emarefa.net/detail/BIM-724603
