Taking mortgages to buy a residence in western countries : taking a debt to have a house

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I'm a Moroccan teacher. I’m planning to get married soon Inchalah. the problem is that I can't live with my parents in the same house because of many conciderations(my mother says that she insists to remain alone with my father because she is ill and tired+ I have many brothers at the same house).there is a state organasation which gives a debt of 4.5 percent to construct a house.my question is : is this debt to construct a house which is neccessary for me a Riba ? If yes what s the alternative knowing that renting houses here is not that cheap?and is it true that Yussef Alqaradawi allowed people in need to take a debt from a bank to purchase an ordinary house where to live ? Jazakoumou Lahou Khayran

Fatwa

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Publication Date

2006-05-10

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-788918

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