Mufti Online — Madrasah Ta'leemuddeen

Taking an interest bearing loan to purchase a house

· 12 Shawwal 1440 AH1 min readEnglish

Question

I want to buy a house under the right to buy scheme but cannot get a halal mortgage. I have found no Islamic bank that offers a halal mortgage for government schemes. Please advise if I can use abnormal bank.

Answer

Taking an interest bearing loan is not permissible. The one who takes an interest bearing loan is under divine curse. Hence, refrain from this.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/29332
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-29332

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