Darul Iftaa Mahmudiyyah

Is it permissible for a home-owner to accept money acquired by purchasers through mortgage?

· 4 Rajab 1434 AH1 min readFatwa 25437English

Question

I buy land on cash and build houses on it fully cash, no mortgage, and then sell these houses in market, people who buy these houses take loan from bank and pay me in full. my buyers take mortgage but i do not, is this still haram for me?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is not permissible for a purchaser to obtain an interest bearing loan. However, if the purchaser paid you with such a loan, that money will be permissible for you if you were not a party to securing the loan for the purchaser. The sin for taking the interest bearing loan will be upon the purchaser.[1]

If you have Muslim purchasers that are involved in interest bearing transactions, you should advise them to abstain.

And Allah Ta’āla Knows Best

Abdul Azīm bin Abdur Rahman,
Student Darul Iftaa
U.S.A.

Checked and Approved by,
Mufti Ebrahim Desai.

References (Arabic / Urdu sources)

[1] وَفِي الْخُلَاصَةِ الْقَرْضُ بِالشَّرْطِ حَرَامٌ وَالشَّرْطُ لَغْوٌ بِأَنْ يُقْرِضَ عَلَى أَنْ يَكْتُبَ بِهِ إلَى بَلَدِ كَذَا لِيُوَفِّيَ دَيْنَهُ. (الدر المختار، ج 5، ص 166، سعيد)

الْمَسْأَلَةُ السَّابِعَةُ - لَا يَبْطُلُ الْقَرْضُ بِالشُّرُوطِ الْفَاسِدَةِ وَيَكُونُ الشَّرْطُ الْمَذْكُورُ لَغْوًا فَلِذَلِكَ لَوْ اسْتَقْرَضَ أَحَدٌ سِكَّةً مَغْشُوشَةً عَلَى أَنْ يُؤَدِّيَ بَدَلَهَا سِكَّةً خَالِصَةً كَانَ الْقَرْضُ صَحِيحًا , وَالشَّرْطُ بَاطِلًا وَيَكُونُ الْمُسْتَقْرِضُ مَجْبُورًا عَلَى رَدِّ مِثْلِ الْمَقْبُوضِ (درر الحكام شرح مجلة الأحكام، ج 3، ص 77، دار الكتب العلمية)

فتاوى محمودية، ج 15، ص 104، فاروقية

Answered by
Abdul Azīm bin Abdur Rahman
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/25437
Fatawa SA: https://fatawa.co.za/fatwa/askimam-25437

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