Taking mortgages to buy a residence in western countries : shall we go for mortgage ?

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Me and my husband currently live with my parents we also have a child, but we need to buy a home of our own now. I do not want to take a mortgage out my husband is applying pressure that I do so. He does not want to rent a place. we only wont to get something to cover our heads with a flat. So we contacted all the Islamic lending available in the UK and the maximum they can offer us is not enough to buy a 2 bedroom flat only a 1 bedroom. Were as other lenders have said they can offer us the amount we need to buy a 2 bedroom flat. Now I really really don’t want to do this as I am very afraid of Allah and what will happen. My husband wont really reason with me and says it is not Haram and we are allowed to do so. My friends say it haram that’s it nothing else to it what do I do. I have tried to reason with my husband but he wants to do this. I pray that Allah forgives me, but I see no option but to do it. Please help. Jazakum Allahu Khairan for your constant help

Fatwa

Click hereto view more

Publication Date

2006-05-20

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-788912

• APA
• MLA
• AMA