Financing house purchase in the west : buying a house in the USA
Fatawa Question
As Salaam Alaikum : is there any difference in interest (Riba) from the bank and buying a home or car ? Notes : because I live with my Mother and younger brother and we pay 600 dollars a month for a 1 bedroom apartment. And there are homes around our city for 520 dollars a month including interest for 4 bedrooms house. Is that Haram to pay interest for a home ? And about the car I am a student and I have to ride public transportation because if I pay payment on a car which is $ 320 for a month including interest I was told it would be Riba and that’s Haram. Can you help me understand better about Riba. Jazakallah Khairan sorry for the long notes. Best regards
Fatwa
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Publication Date
2003-03-07
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-725480
American Psychological Association (APA)
Qahf, Mundhir. 2003-03-07. Financing house purchase in the west : buying a house in the USA. .
https://search.emarefa.net/detail/BIM-725480
Modern Language Association (MLA)
Qahf, Mundhir. Financing house purchase in the west : buying a house in the USA. 2003-03-07.
https://search.emarefa.net/detail/BIM-725480
American Medical Association (AMA)
Qahf, Mundhir. 2003-03-07. Financing house purchase in the west : buying a house in the USA.
https://search.emarefa.net/detail/BIM-725480
