Darul Iftaa Mahmudiyyah

Selling to a Muslim purchaser buying with an interest bond

· 26 Rabiʻ II 1443 AH1 min readFatwa 46868English

Question

On the sale of a property, the Muslim purchaser has obtained an interest bond from Standard Bank. I don't feel that it would be right to go through with the sale. I have spoken to the buyer and requested that he obtain the funds from a different source, but he doesn't want to.

Can I, as the seller accept this payment?
I have submitted this question to Mufti Siraj Desai last week Friday, but haven't received an answer as yet, perhaps Mufti Siraj is preoccupied at the moment.

Answer

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

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

If the purchaser is a Muslim, you should advise him that it is prohibited to take out an interest-bearing loan. If he did not heed your advice and purchases the house with the interest-bearing loan, you will not be responsible for his sin of taking an interest-bearing loan.

The payment towards the purchase of the house will be Halal for you.[1] The interest loan has no bearing on you.

And Allah Ta'āla Knows Best

Bilal Yusuf Pandor

Student Darul Iftaa

Lusaka, Zambia

Checked and Approved by,
Mufti Ebrahim Desai

(2021-01-02)

References (Arabic / Urdu sources)

فتاوي دار العلوم زكريا ج 5 ص 372 [1]

فتاوي محمودية ج 11 ص 273

Answered by
Bilal Yusuf Pandor
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/46868
Fatawa SA: https://fatawa.co.za/fatwa/askimam-46868

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