Giving help to Riba-based mortgage transactions : mediation in Riba-based mortgages

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I have recently started business as mortgage broker. Assisting people and small business in getting loans. Either for personal use or investment. Q1. As Mediator is integrate part of the mortgage transaction. So that will qualify him / her to be a witness or a writer, who is mentioned and cursed by the Prophet (peace and blessings be upon him) in the Hadith Q2-Is purchasing house / investment and Business via Finance / interest is considering Riba for Muslim who lives in non-Muslim country, such as USA. And what the definition of Riba ? Please kindly specify your answer regarding those matters, since your prior answer regarding those matters was slightly confusing to me at your prior Fatwa on line. Visitor notes : Dr. Monzer Kahf, I need your gaudiness. I know it’s hard to say Haram / or Halal but I need your help. And please feel free to email me Nawal@young mortgage.com. I need to make decision right now. And the Fatwa below really very confusing to me prior Fatwa-----when you mediate in Riba-based mortgages, I cannot say your service and income are specifically Haram because this is not specifically one of the four cursed persons as mentioned by the Prophet (peace and blessings be upon him) : the taker, the giver and the two witnesses. But I don?t want to just say that because it is very close to being a witness or a writer (the word?writer ? came in a version of the Hadith. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2006-11-15

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-788660

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