Financing house purchase in the west : buying an apartment in Belgium : [2]

Fatawa Question

Salam We are a Muslim family living in Brussels, Belgium. We work and live in this country since few years. We plan to spend the rest of our lives in this country. Currently we rent an apartment. We would like to buy a house in Belgium by paying it through installments. We would like to know whether it is licit in Islam to buy a house through this type of transaction, which requires paying interest on the price of the house. Moreover we do not own a house in any other country. Looking forward to your wise answer. Thank you Salam

Fatwa

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Publication Date

2002-08-14

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-725449

American Psychological Association (APA)

Qahf, Mundhir. 2002-08-14. Financing house purchase in the west : buying an apartment in Belgium : [2]. .
https://search.emarefa.net/detail/BIM-725449

Modern Language Association (MLA)

Qahf, Mundhir. Financing house purchase in the west : buying an apartment in Belgium : [2]. 2002-08-14.
https://search.emarefa.net/detail/BIM-725449

American Medical Association (AMA)

Qahf, Mundhir. 2002-08-14. Financing house purchase in the west : buying an apartment in Belgium : [2].
https://search.emarefa.net/detail/BIM-725449