Alternatives to interest home financing : buying a house in the USA from builders

Fatawa Question

The question is about buying a home in USA from companies that provide both homes and financial services (mortgage). Is it permissible to get a home mortgage from those companies which sells you the house and provide the home buyer with a mortgage also ?. There is third-party involvement such as banks. Some people say it is Halal since these companies owns the properties (lands, houses, etc.) and they sell it to you by providing the consumer with their own mortgage.

Fatwa

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Publication Date

2003-01-26

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725393

American Psychological Association (APA)

Qahf, Mundhir. 2003-01-26. Alternatives to interest home financing : buying a house in the USA from builders. .
https://search.emarefa.net/detail/BIM-725393

Modern Language Association (MLA)

Qahf, Mundhir. Alternatives to interest home financing : buying a house in the USA from builders. 2003-01-26.
https://search.emarefa.net/detail/BIM-725393

American Medical Association (AMA)

Qahf, Mundhir. 2003-01-26. Alternatives to interest home financing : buying a house in the USA from builders.
https://search.emarefa.net/detail/BIM-725393