The Majlis Archive

Finance - Banking - Business The Majlis Vol 21 No 02, p.3

Some Ulama say that it is permissible to acquire a mortgage even if interest has to be paid because of the need.

Question

Some Ulama say that it is permissible to acquire a mortgage even if interest has to be paid because of the need.

Answer

Interest is haraam. It is therefore haraam to acquire an interest-bearing mortgage. The permissibility view which is pure self-opinion unsubstantiated by Shar'i daleel.

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The Majlis Vol 21 No 02
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