Examples of lack of justifying needs : buying a housing project with interest in the USA
Fatawa Question
Assalamu Alaikum Wa Rahmatullah Wa Barakatuh. I am trying to establish and Islamic community and would like to purchase houses and housing units to provide my Muslim brothers and sisters adequate low cost housing. Purchasing the property will involve Riba. My plan is to buy the property on interest and pay off the loan within 2-3 years’ time. Is this permissible being that it is to help other Muslims feasible Allah ????? Notes : I am also trying to do the same with in the business area. Muslim owned Muslim run businesses.
Fatwa
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Publication Date
2003-03-08
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725520
American Psychological Association (APA)
Qahf, Mundhir. 2003-03-08. Examples of lack of justifying needs : buying a housing project with interest in the USA. .
https://search.emarefa.net/detail/BIM-725520
Modern Language Association (MLA)
Qahf, Mundhir. Examples of lack of justifying needs : buying a housing project with interest in the USA. 2003-03-08.
https://search.emarefa.net/detail/BIM-725520
American Medical Association (AMA)
Qahf, Mundhir. 2003-03-08. Examples of lack of justifying needs : buying a housing project with interest in the USA.
https://search.emarefa.net/detail/BIM-725520
