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Conventional and Islamic finance of home purchase : paying off bank house mortgage
Fatawa Question
Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullah Wa Barakatuh, I live in Canada. I read the fatwa posted on your web site, that says it’s Ok to buy a house through a mortgage under certain conditions and I did buy a house by taking a mortgage through one of the banks here in Canada. After buying the house I got a contact to work in the Middle East, so I closed my house and went to work in the Middle East, now I’m returning back with some savings. Do I have to pay all my saving in the house to get rid of the interest ? Or just keep paying according to the old schedule ? Jazakum Allahu Khairan for your constant help Yours, Muhammad
Fatwa
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Publication Date
2009-04-08
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Islamic jurisprudence
- Housing
- Financing
- Purchasing
- Real property
- Commercial finance companies
- Usury
- Subprime mortgage
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-734878
American Psychological Association (APA)
Qahf, Mundhir. 2009-04-08. Conventional and Islamic finance of home purchase : paying off bank house mortgage. .
https://search.emarefa.net/detail/BIM-734878
Modern Language Association (MLA)
Qahf, Mundhir. Conventional and Islamic finance of home purchase : paying off bank house mortgage. 2009-04-08.
https://search.emarefa.net/detail/BIM-734878
American Medical Association (AMA)
Qahf, Mundhir. 2009-04-08. Conventional and Islamic finance of home purchase : paying off bank house mortgage.
https://search.emarefa.net/detail/BIM-734878