Conventional and Islamic finance of home purchase : foreclosure
Fatawa Question
Salam u Alaykum Br. Monzer, I have heard that obtaining financing from a bank for a bank owned home (foreclosure) in not Haram. The reason for this is because it only involves two parties (buyer a seller) as opposed to traditional financing which involves three parties (buyer, seller and financier). Please advise your thoughts on this matter Ahmad
Fatwa
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Publication Date
2009-06-06
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-734906
American Psychological Association (APA)
Qahf, Mundhir. 2009-06-06. Conventional and Islamic finance of home purchase : foreclosure. .
https://search.emarefa.net/detail/BIM-734906
Modern Language Association (MLA)
Qahf, Mundhir. Conventional and Islamic finance of home purchase : foreclosure. 2009-06-06.
https://search.emarefa.net/detail/BIM-734906
American Medical Association (AMA)
Qahf, Mundhir. 2009-06-06. Conventional and Islamic finance of home purchase : foreclosure.
https://search.emarefa.net/detail/BIM-734906
