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Fatawaa

Subject : Is Buying a house in installments through banks?
Fatwa Number : 1438
Classified : Usury (interest) &Loans
Fatwa Type : Summarized Fatawaa

Question :

Is Buying a house in installments through banks?


The Answer :

Taking a loan from interest-based banks is prohibited and considered a major sin. Instead Getting a loan from Islamic banks is considered Murabaha and can be used as an alternative, provided all the necessary Islamic conditions are met. And Allah Knows Best.

 

 

 

 

 

 

 

 






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