Fatwa #52327 August 2000Pakistan

Is buying a house on mortgage allowed in islam? Here in uk some ulama say it is allowed due to the high cost of living ,is this true?

Answer

It is not permissible to purchase a house on interest (mortgage). One may
fulfil his need by renting a house.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#19939Do we need to revise the view on interest (Riba)? If not then what solution does Shariah has for dire need owning a house for those living in the western countries?
#17050Zaid is living in Albany. State of New York in U.S.A. He has taken a loan of 187,000 USD from Bank of America and taken a house on mortgage.
#18362i heared a fatwa about "mortgage" is that in north america muslims can buy one house n one car on mortgage or lease,so i want to just verify this fatwa that can i buy a house on...
#17350Q: I said ... riba is involved in schemmes like Al Burag, HSBC... they argued...why you eat chicken from shops, how do you know its halal?
#19353I live in Newyork and i would like to know if i can borrow loan from a bank to buy house ?
#16752Does Halal Mortgage Exist?
#19356We both work and try to save money. I want to buy a house instead of renting. Am I wrong to ask my wife to invest it in a property? Am I wrong to ask for her help.
#44513Is it permissible to take out an interest only fixed rate mortgage?

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