Mortgage

Q: I live in America, and it is impossible to buy a house here without a mortgage from the bank. The bank charges interest on the mortgage. Is it permissible to buy a house on mortgage?

Bismillaah

A: Mortgage is another name for interest and interest is not permissible.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)