Buy house on interest.
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
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My question is...
Can I buy a house on loan. There is no other alternative. On the other hand our house is also small.
I have all enquired about any bank of shariah complaince finance. There is absolutely no such bank in
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Buy house on interest
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Your Question: Can I buy a house on loan
Allah says in the Holy Quran Chapter 2 Surah Baqarah verse 274-276:
But those who devour riba become like the one whom Shaitaan has bewitched and maddened by his touch. They have been condemned to this condition because they say, Trade is just like riba, whereas Allah has made trade halaal and riba haraam. Henceforth, if one abstains from taking riba after receiving this admonition from his Lord, no legal action shall be taken against him regarding the riba he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after this, he shall go to Hell, where he shall abide for ever! Allah deprives riba of all blessing and develops charity, and Allah does not like an ungrateful, sinful person.
Allah says further in the Holy Quran Chapter 2 Surah Baqarah verse 278:
O Believers!, fear Allah and give up that riba which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you by Allah and His Messenger!
Allah says in the Holy Quran Chapter 4 Surah Nisa verse 161:
That they took riba, although they were forbidden. And that they devoured mens substance wrongfully. We have prepared for those among them who reject faith a grievous punishment (of Hell Fire)!
Al-Tirmidhi Hadith 2829 Narrated by Ali ibn AbuTalib
Ali heard Allah's Messenger (saws) invoke the curse of Allah on those who took riba, those who paid it, those who recorded it, and those who refused to give sadaqah. And he (saws) used to prohibit wailing.
Allah and His Messenger (saws) have strongly condemned the concept of riba and declared it absolutely haraam for the believers. Without an iota of a doubt, the concept of conventional bank interest is a form, manifestation, and part of riba or usury, and thus any transaction based or done on the concept of interest would be considered absolutely forbidden for those who sincerely believe in Allah and the Last Day.
If taking a mortgage for buying a home or for any other reason involves the payment of interest, such a transaction would be deemed haraam in the sight of Shariah, and any believer who sincerely believes in Allah and the Last Day must abstain from it.
Your Question: I have
all enquired about any bank of shariah complaince finance. There is absolutely
no such bank in
Allah Says in the Holy Quran Chapter 64 Surah Tagabhun verse 16:
16 So fear Allah as much as ye can; listen and obey.
Al-Tirmidhi Hadith 5083 Narrated by Abu Dharr
Allah's Messenger (saws) said to him, "Fear Allah wherever you are.
Respected brother, if you do not have the necessary funds to purchase a house and wish to take a loan to purchase the house, but happen to live in a country where there is no financial institution who would give you a mortgage based on interest-free Shariah compliant principles.then the lawful options available to you are either to satisfy yourself with the house you currently live in, or move to a rented house in your desired location.but under absolutely no circumstances would it be lawful for a believer who sincerely fears Allah and the Last Day to indulge in the unlawful riba or interest.
Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only Source of Strength.
Your brother and well wisher in Islam,