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Question ID: 616 Category: Dealings and Transactions
Interest Based Loan

Assalaamu Alaikum,

Is it Islamically permissible to buy a house on conventional mortgage while living in a non-Islamic country ( where Sharia laws are not implemented)? Please respond according to Hanafi School Of Thought.

Thanks

الجواب وبالله التوفيق 

It is not permissible to take an interest-based loan to buy a house. It should be clear that there is no concept of taking interest in an Islamic way. The interest-based loan itself is non-Islamic.

واللہ اعلم  بالصواب

Answered on: 05 November 2019 | 8 Rabiul-Awal 1441 Answer By: Mufti Mohammed Hameed ur Rahman Hamid Checked By: Mufti Mohammed Navalur Rahman