Nterest-based financing of house and car is prohibited : rationale for the prohibition of interest financing of houses
Fatawa Question
Salaam, why is it Haram to have a mortgage ? What alternative would you suggest to people wishing to own there own place ? There are no Islamic banks so in such a situation why can we not take a mortgage ? I personally see renting as "dead money," at the end of the day what you're paying for is not yours. What is your opinion ?
Fatwa
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Publication Date
2001-01-27
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725363
American Psychological Association (APA)
Qahf, Mundhir. 2001-01-27. Nterest-based financing of house and car is prohibited : rationale for the prohibition of interest financing of houses. .
https://search.emarefa.net/detail/BIM-725363
Modern Language Association (MLA)
Qahf, Mundhir. Nterest-based financing of house and car is prohibited : rationale for the prohibition of interest financing of houses. 2001-01-27.
https://search.emarefa.net/detail/BIM-725363
American Medical Association (AMA)
Qahf, Mundhir. 2001-01-27. Nterest-based financing of house and car is prohibited : rationale for the prohibition of interest financing of houses.
https://search.emarefa.net/detail/BIM-725363
