House purchase financing in Muslim countries : buying a house on interest in Pakistan : [1]
Fatawa Question
Currently I am looking for a house to buy. Since it is virtually impossible to have the full price of the house in cash, and mortgages involve interest, what would you recommend I do in order to properly pursue this objective ? I am not even sure if this type of interest (mortgage) is acceptable in Islam or not, although my inclination is that it's not. I have also inquired about Islamic banks, but it is hard to find reliable information about them so far. Thank you much, Assalamu Alaikum, Omar
Fatwa
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Publication Date
2002-03-07
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725558
American Psychological Association (APA)
Qahf, Mundhir. 2002-03-07. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [1]. .
https://search.emarefa.net/detail/BIM-725558
Modern Language Association (MLA)
Qahf, Mundhir. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [1]. 2002-03-07.
https://search.emarefa.net/detail/BIM-725558
American Medical Association (AMA)
Qahf, Mundhir. 2002-03-07. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [1].
https://search.emarefa.net/detail/BIM-725558
