Excuses for interest deals : buying a mosque with interest

Fatawa Question

Dear brother, Assalamu Alaikum. We live in usa and bought a place for mosque foe one million Dollar with 400000.00 in advance and 600000.00 in installments. We also make agreement each month we will pay him 7 % interest on remaining balance until we finished the payments. Is this ok ? If not can we pray slat there or not. Shahid Thank you for your help and cooperation.

Fatwa

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Publication Date

2002-05-23

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726730

American Psychological Association (APA)

Qahf, Mundhir. 2002-05-23. Excuses for interest deals : buying a mosque with interest. .
https://search.emarefa.net/detail/BIM-726730

Modern Language Association (MLA)

Qahf, Mundhir. Excuses for interest deals : buying a mosque with interest. 2002-05-23.
https://search.emarefa.net/detail/BIM-726730

American Medical Association (AMA)

Qahf, Mundhir. 2002-05-23. Excuses for interest deals : buying a mosque with interest.
https://search.emarefa.net/detail/BIM-726730