Nterest-based financing of house and car is prohibited : rationale for the Fatwa on mortgage
Fatawa Question
Dear Dr. Monzer, Assalamu Alaikum It seems to be that a lot of Muslims are keen to know more about Zakah rulings, especially in the blessed month of Ramadan. We have received to following two questions, somehow they are related to the ones that you have answered before : 1. What is the current resolution on getting the mortgage loan which is interest and is not allowed in Islam, according to my understanding, under any circumstances ? 2. Is Zakah due on land purchased, on cash basis of course, to build your own home on it in the future like in two to three years or more for that matter. Blessed Eid
Fatwa
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Publication Date
2001-12-13
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725365
American Psychological Association (APA)
Qahf, Mundhir. 2001-12-13. Nterest-based financing of house and car is prohibited : rationale for the Fatwa on mortgage. .
https://search.emarefa.net/detail/BIM-725365
Modern Language Association (MLA)
Qahf, Mundhir. Nterest-based financing of house and car is prohibited : rationale for the Fatwa on mortgage. 2001-12-13.
https://search.emarefa.net/detail/BIM-725365
American Medical Association (AMA)
Qahf, Mundhir. 2001-12-13. Nterest-based financing of house and car is prohibited : rationale for the Fatwa on mortgage.
https://search.emarefa.net/detail/BIM-725365
