Financing house purchase in the west : buying a house in Canada : [2]

Fatawa Question

Assalamu Alaikum. We are a family of four with two kids living in a rented apartment in Toronto Canada. We always dream to have our own house. The financial institutions help to mortgage the house. That is the most common way to own a house in North America. I have read various Fatwas from Islam online and other sites. Some scholars do not permit the mortgage at all but some do permit under certain conditions. I don’t know where do stand while living in a rented apartment. Please explain whether I can go for mortgage to own a house or not.

Fatwa

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Publication Date

2002-03-14

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725431

American Psychological Association (APA)

Qahf, Mundhir. 2002-03-14. Financing house purchase in the west : buying a house in Canada : [2]. .
https://search.emarefa.net/detail/BIM-725431

Modern Language Association (MLA)

Qahf, Mundhir. Financing house purchase in the west : buying a house in Canada : [2]. 2002-03-14.
https://search.emarefa.net/detail/BIM-725431

American Medical Association (AMA)

Qahf, Mundhir. 2002-03-14. Financing house purchase in the west : buying a house in Canada : [2].
https://search.emarefa.net/detail/BIM-725431