Examples of lack of justifying needs : buying on interest in Canada
Fatawa Question
Borrowing money from bank to complete a down payment to buy a house to live in with my family ,and a house to invest its rent (I did both ,a house to live in 1994 when I immigrate to Canada .and the second house in 1999 so as to spend on the cost of living as I did not work since 1991 ]the only source of spending is what I saved before 1991 .I have to pay mortgages, insurance on my houses, my car property taxes ,electricity ,gas for heating and eating etc. etc. etc. I do not drink or smoke notes : it is very important to know the various opinions in this matter and in case your Fatwa is this Haram. What I have to do in this situation. I mean I already borrow twice and I am planning to borrow money to buy another house [In Sha Allah] for the same reason and I am looking forward to buy another house [InSha Allah] So each of my four children inherited a house] you know it is easy to borrow money from bank]May Allah the almighty ,bless you and us Ameen
Fatwa
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Publication Date
2002-03-25
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725513
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-25. Examples of lack of justifying needs : buying on interest in Canada. .
https://search.emarefa.net/detail/BIM-725513
Modern Language Association (MLA)
Qahf, Mundhir. Examples of lack of justifying needs : buying on interest in Canada. 2002-03-25.
https://search.emarefa.net/detail/BIM-725513
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-25. Examples of lack of justifying needs : buying on interest in Canada.
https://search.emarefa.net/detail/BIM-725513
