Home » Hanafi Fiqh » Qibla.com » Are fixed rate mortgages allowed in Islam?
Answered by Shaykh Faraz Rabbani
Are fixed rate mortgages allowed in Islam?
Assalamu Alaykum wa Rahmatullah,
No, because conventional mortgages are clearly ribawi (usurious), and thus sternly prohibited by clear Qur’anic texts.
Faraz Rabbani.
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This answer was indexed from Qibla.com, which used to have a repository of Islamic Q&A answered by various scholars. The website is no longer in existence. It has now been transformed into a learning portal with paid Islamic course offering under the brand of Kiflayn.
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