Interest-based loans for housing in Pakistan
Fatawa Question
I am interested in buying a house and for this i have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. So could you guide me if i am right in my understanding that we have to stay away from any kind of interest. Jazaka Allah
Fatwa
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Publication Date
2002-03-27
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
- Banks
- Islamic jurisprudence
- Islamic economics
- Housing
- Financing
- Purchasing
- Pakistan
- Real property
- Bank loans
- Usury
- Islamic Banks
Data Type
Fatawa
Language
English
Record ID
BIM-724613
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-27. Interest-based loans for housing in Pakistan. .
https://search.emarefa.net/detail/BIM-724613
Modern Language Association (MLA)
Qahf, Mundhir. Interest-based loans for housing in Pakistan. 2002-03-27.
https://search.emarefa.net/detail/BIM-724613
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-27. Interest-based loans for housing in Pakistan.
https://search.emarefa.net/detail/BIM-724613
