Financing house purchase in the west : buying a house in Canada : [3]

Fatawa Question

Assalamu Alaykum I have read the Fatwa by the European council (headed by Shaikh Qaradawi) about buying a house by mortgage. But I am not really sure if I can take it in my case or not : 1-I am now living in Toronto Canada in a rental house, and I pay high rental which consumes large portion of my income. And I am thinking of buying a house by mortgage. But it’s a matter of comfort or convenience, I can’t claim it is extreme “Darura”. (It’s because mortgage is less that the rental cost, and it will help me save some money and I will end up with owning a house, better that keep paying for rental that puts pressure on my life. 2-I don’t have the total price available in cash ; but I have some other properties in my home country which I don’t want to sell. 3-There is a few Islamic financing associations in the area but they have a long waiting list that needs long time and of more important, they have a maximum limit for there share, which when added to the amount, will not be enough to buy the house. So I can’t make it with Islamic institutions. My questions are : 1-Do you think I am eligible to use mortgage according to this Fatwa. 2-Is this is a kind of Fatwa that we call “Rokhsa” that if we take it is no sin and if leave it we will be from “ Ahl Azeema”. 2-Also ; how can we justify the word “Darura” or “ Haja” mentioned in the Fatwa. Jazakom Allah Khair Nasreddin notes : I would appreciate a prompt response, Jazakom Allah Khair

Fatwa

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Publication Date

2002-09-30

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Sales
• Housing
• Canada

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-725456

• APA
• MLA
• AMA