Buy house on mortgage.
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh.
(May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked
this question:
DEAR
BROTHER
ASSALAM
ALAIKUM
AS MY
SON IS STUDYING IN A
IS IT
PERMISSIBLE TO BUY A HOUSE THRU MORTGAGE.I FOUND THAT MANY MUSLIMS ARE DOING
THAT AND ALSO THEY ARE RENTING THEIR BASEMENT TO COVER THEIR MORTGAGE EXPENSE.IS
IT PERMISSIBLE IN ISLAM.
I
WOULD APPRECIATE YOUR QUICK RESPONSE AND OBLIGE
JAZAKALLAH
(There may be some grammatical and spelling
errors in the above statement. The forum does not change anything from
questions, comments and statements received from our readers for circulation in
confidentiality.)
Answer:
Buy house on
mortgage
In the name of Allah, We praise Him, seek His
help and ask for His forgiveness. Whoever Allah guides none can misguide,
and whoever He allows to fall astray, none can guide them aright. We bear
witness that there is none worthy of worship but Allah Alone, and we bear
witness that Muhammad (saws) is His slave-servant and the seal of His
Messengers.
Allah says in the Holy Quran Chapter 2 Surah
Baqarah verse 274-276:
But
those who devour ‘riba’ become like the one whom Shaitaan has bewitched and
maddened by his touch. They have been
condemned to this condition because they say,
“Trade is just like ‘riba”,
whereas Allah has made trade halaal and ‘riba’ haraam. Henceforth,
if one abstains from taking ‘riba’ after receiving this admonition from
his Lord, no legal action shall be taken
against him regarding the ‘riba’ he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after
this, he shall go to Hell, where he shall abide for ever! Allah deprives ‘riba’ of all blessing and develops
charity, and Allah does not like an
ungrateful, sinful person.
Allah says further in the Holy Quran Chapter 2
Surah Baqarah verse 278:
O Believers!,
fear Allah and give up that ‘riba’ which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you
by Allah and His Messenger!
Allah says in the Holy Quran Chapter 4 Surah
Nisa verse 161:
That they took ‘riba’, although they were forbidden. And that they devoured men’s substance
wrongfully. We have prepared for those
among them who reject faith a grievous punishment (of Hell Fire)!
Al-Tirmidhi Hadith 2829 Narrated by Ali ibn AbuTalib
Ali heard Allah's Messenger (saws) invoke the
curse of Allah on those who took ‘riba’, those who paid it, those who recorded
it, and those who refused to give sadaqah. And he (saws) used to prohibit wailing.
Allah and His Messenger (saws) have strongly condemned the
concept of ‘riba’ and declared it absolutely ‘haraam’ for the believers. Without an iota of a doubt, the concept of conventional bank ‘interest’ is a
form, manifestation, and part of ‘riba’ or usury, and thus any transaction
based or done on the concept of ‘interest’ would be considered absolutely
forbidden for those who sincerely believe in Allah and the Last Day.
If the taking of a mortgage for buying a home or for any
other reason involves the payment of ‘interest’, such a transaction would be
deemed absolutely and categorically ‘haraam’ in the Sight of Shariah, and any
believer who sincerely believes in Allah and the Last Day must abstain from it.
If one trusts, obeys, and follows the guidance and
commands of Allah and His Messenger (saws),
one can be assured of never ever being misled; but if one believes, obeys and follows any
other guidance, other than that of Allah and His Messenger (saws), one can be
assured of being led astray.
Whatever written of Truth and benefit is only
due to Allah’s Assistance and Guidance, and whatever of error is of me
alone. Allah Alone Knows Best and He is
the Only Source of Strength.
Your brother and
well wisher in Islam,
Burhan
Wister