Nterest-based financing of house and car is prohibited : what if the Islamic financing is more expensive ?
Fatawa Question
General, short : someone may say that Riba was prohibited to prevent usurping of the poor by the rich. If the claimed "Islamic" solutions to home financing are much more expensive than mortgage, wouldn't that be against the wisdom of prohibiting Riba ? 2. More specific, long : what is your opinion in purchasing a home via : a) An "Islamic" financing system. For example, as explained in http://www.lariba.com/financing/home-mail.shtm#Overview : b) Another "Islamic" system if you deem the above site "un-Islamic". If you know specific web sites that you recommend, please suggest. c) Regular mortgage if it was much cheaper than all the "Islamic" alternatives.
Fatwa
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Publication Date
2002-01-08
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725367
American Psychological Association (APA)
Qahf, Mundhir. 2002-01-08. Nterest-based financing of house and car is prohibited : what if the Islamic financing is more expensive ?. .
https://search.emarefa.net/detail/BIM-725367
Modern Language Association (MLA)
Qahf, Mundhir. Nterest-based financing of house and car is prohibited : what if the Islamic financing is more expensive ?. 2002-01-08.
https://search.emarefa.net/detail/BIM-725367
American Medical Association (AMA)
Qahf, Mundhir. 2002-01-08. Nterest-based financing of house and car is prohibited : what if the Islamic financing is more expensive ?.
https://search.emarefa.net/detail/BIM-725367
