Darul Iftaa Mahmudiyyah

Purchasing a house on mortgage

· 15 Safar 1440 AH1 min readFatwa 41334English

Question

Assalam o Alikum,

I want to ask that whether purchasing house on mortgage permisible in Islam ?

Thanks and regards,

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is not permissible to purchase a house on mortgage as it entails riba (interest). [i]

You may refer to a reliable Mufti to assist you in purchasing a house through some Shariah modes of financing. [ii]

And Allah Ta’āla Knows Best

Muhammad I.V Patel

Student Darul Iftaa
Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai

References (Arabic / Urdu sources)

[i] الهداية في شرح بداية المبتدي (3/ 61)

لأن الربا هو الفضل المستحق لأحد المتعاقدين في المعاوضة الخالي عن عوض شرط فيه

الدر المختار وحاشية ابن عابدين (رد المحتار) (5/ 166)

(قوله كل قرض جر نفعا حرام) أي إذا كان مشروطا كما علم مما نقله عن البحر، وعن الخلاصة وفي الذخيرة وإن لم يكن النفع مشروطا في القرض، فعلى قول الكرخي لا بأس به

لأن الربا هو الفضل الخالي عن العوض، وحقيقة الشروط الفاسدة هي زيادة ما لا يقتضيه العقد ولا يلائمه فيكون فيه فضل خال عن العوض وهو الربا بعينه اهـ ملخصا

[ii] An Introduction to Islamic Finance by Mufti Taqi Uthmani Pg. 82

Answered by
Muhammad I.V Patel
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/41334
Fatawa SA: https://fatawa.co.za/fatwa/askimam-41334

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