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.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 21 No 02
- PDF page
- 3
Appears under Questions and Answers (approximate).