Question:
Assalamualaikum
respected sheikh,
my question is related to buying house in Canada through where we put five to ten percent down payment and rest of the amount is being mortgage from the bank. as there are no authentic long term Islamic institution which facilitate buying home without interest.
Is it permissible to buy house which involve interest according to hanafi school of thought?
Thanks in Anticipation.
Answer:
It is permissible for Muslims living in the West to by a house with interest provided the house is for one’s family’s living.
Imam Senad Agic
Head Imam (IABNA)
The Islamic Association of Bosniaks in North America
American Islamic Center – Chicago
Question:
Assalamualaikum
respected sheikh,
my question is related to buying house in canada through where we put five to ten percent down payment and rest of the amount is being mortgage from the bank. as there are no authentic long term Islamic institution which facilitate buying home without interest.
Is it permissible to buy house which involve interest according to hanafi school of thought?
Thanks in Anticipation.
Saima Ali
Answer:
