Financing house purchase in the west : buying houses in the USA

Fatawa Question

Assalamu Alaikum Wa Rahmatullah Wa Barakatuh.. I'm living in the USA and I have noticed a significant number of Muslims who are buying houses through non-Islamic banks and with interest claiming that's ok based on Dr. Yusuf ‘s Al-Qaradawi (may Allah protect him) Fatwa. Although they have no knowledge what so ever with his Fatwa, only heard someone did so and someone else said I heard it's ok with no further details about the Fatwa. Now my question is what's Dr. Yusuf Al-Qaradawi Fatwa about buying a house through non-Islamic banks here in America with interest (in details please) ? Were there any restrictions / conditions in it ? Is it valid till this moment, since it's been out for two years by now ? And what do you think about those people who I described above whom takes fatwa's by listening to the others without verifying the source and valid Islamic proof ? Thanks a lot for your attention to this question which it really confuse me and I’m afraid to get involved in al Riba path and be a loser in this Duniya and hereafter. Jazakum Allah Khair.

Fatwa

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Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Dwellings
• Financing
• Purchasing
• Usury
• Islamic Banks

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-725429

• APA
• MLA
• AMA