Question:
Dear Shaykh Hisham, dear scholars of eshaykh.com,
Assalamu alaykum,
I bought 4 years ago an apartment on credit that I sold 3 years later without premeditation, clearing a profit allowing me to pay 40% cash advance for the purchase of another apartment in a residence currently under construction. I intend to take out a mortgage with interest of 15 or 20 years for the remaining 60%.
Is it possible to contract such a loan to purchase a single apartment for personal use? I’ve been told Shaykh Qaradawi had issued a fatwa on this, but I do not know its details.
I intend of course to conform now strictly to your recommendations.
Thank you. May Allah bless you all.
Answer:
wa `alaykum salam,
Please see the post “home mortgage” for your answer.
Staff
