House purchase financing in Muslim countries : buying a house on interest in Pakistan : [2]

Fatawa Question

I am interested in buying a house and for this I have to finance it thru a bank. As we all know banks charge interest on the loan they provide and as Muslims we have to stay away from interest. So could you guide me if I am right in my understanding that we have to stay away from any kind of interest ? Jazak Allah.

Fatwa

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Publication Date

2002-03-27

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725560

American Psychological Association (APA)

Qahf, Mundhir. 2002-03-27. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [2]. .
https://search.emarefa.net/detail/BIM-725560

Modern Language Association (MLA)

Qahf, Mundhir. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [2]. 2002-03-27.
https://search.emarefa.net/detail/BIM-725560

American Medical Association (AMA)

Qahf, Mundhir. 2002-03-27. House purchase financing in Muslim countries : buying a house on interest in Pakistan : [2].
https://search.emarefa.net/detail/BIM-725560