House purchase financing in Muslim countries : necessity to buy a house in Egypt

Fatawa Question

Salamu Alaykum. How are you doing ? Hope you're enjoying Allah's blessings. Here is a question about interest and Riba : 1. With respect to "necessity requiring exceptions" and housing, why would t be necessary for someone in Canada to own a house but not in Egypt ? 2. I have always been taught that the intent is as important as, if not more than, the action. I do not see how this would be different for interest or Riba. If you make money off of lending money to someone (without providing any other service with the exception of risk) regardless of the method, is it not Haram ? Tamir

Fatwa

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Publication Date

2001-10-18

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-725556

American Psychological Association (APA)

Qahf, Mundhir. 2001-10-18. House purchase financing in Muslim countries : necessity to buy a house in Egypt. .
https://search.emarefa.net/detail/BIM-725556

Modern Language Association (MLA)

Qahf, Mundhir. House purchase financing in Muslim countries : necessity to buy a house in Egypt. 2001-10-18.
https://search.emarefa.net/detail/BIM-725556

American Medical Association (AMA)

Qahf, Mundhir. 2001-10-18. House purchase financing in Muslim countries : necessity to buy a house in Egypt.
https://search.emarefa.net/detail/BIM-725556