Taking mortgages to buy a residence in western countries : taking a loan to buy a new house

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, We currently own our house but due to work we have to move to a city that is a lot more expensive. In order to live at the same level as we currently are (in a good suburb with the same quality home) we would need to take out a loan. I am not trying to get something better ; I just want to maintain the same and not go backwards. I want my children to attend a good school and you must live in the immediate area in order for them to gain admission. Can I do this ? Jazakum Allahu Khairan for your constant help

Fatwa

Click hereto view more

Publication Date

2006-06-27

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-788910

• APA
• MLA
• AMA