Conventional and Islamic finance of home purchase : Islamic finance for house buying
Fatawa Question
Salam Alaykum I want to take a home loan from an Islamic bank in Australia called MCCA. The transaction will be : Ijarah Muntahiah Bittamlik as they say. However when I asked MCCA where they got the money from ? They said from Australian financial institutions which of course lend the money with interest. Is it Halal to borrow from MCCA ? Please advice Jazaka Allahu Khayran
Fatwa
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Publication Date
2008-12-24
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Islamic jurisprudence
- Housing
- Financing
- Loans
- Purchasing
- Real property
- Commercial finance companies
- Usury
- Subprime mortgage
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-734867
American Psychological Association (APA)
Qahf, Mundhir. 2008-12-24. Conventional and Islamic finance of home purchase : Islamic finance for house buying. .
https://search.emarefa.net/detail/BIM-734867
Modern Language Association (MLA)
Qahf, Mundhir. Conventional and Islamic finance of home purchase : Islamic finance for house buying. 2008-12-24.
https://search.emarefa.net/detail/BIM-734867
American Medical Association (AMA)
Qahf, Mundhir. 2008-12-24. Conventional and Islamic finance of home purchase : Islamic finance for house buying.
https://search.emarefa.net/detail/BIM-734867
