Conventional financing

Answered according to Hanafi Fiqh by


I have booked second home in Canada (I have one home in Pakistan), I paid $ 20,000 to book it, now delivery date is approaching. I couldn’t get Islamic financing in Canada but conventional interest based funds are available. Kindly advise for following:

Can I take 50% conventional financing?

What should I do if islamic financing is not approved in my case?


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

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

Allah Ta’ala says in the Qur’an:

وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا } )البقرة: 275(

Translation: Allah has permitted sale, and prohibited riba (interest). 

عَنْ عَبْدِ اللهِ، قَالَ: «لَعَنَ رَسُولُ اللهِ صَلَّى اللهُ عَلَيْهِ وَسَلَّمَ آكِلَ الرِّبَا وَمُؤْكِلَهُ»، صحيح مسلم (3/ 1218)

Translation: Abdullah (Radiyallahu Anh) narrates that Allah’s Messenger (ﷺ) cursed the accepter of interest and its payer.

Shari’ah prohibits all forms of interest. No sin has been given a more severe warning than the sin of interest. Conventional financing is prohibited due to interest being involved in it.

It is not permissible for you to buy the house in Canada with conventional financing.

You may rent a house in Canada or even consider selling the house in Pakistan to finance the house in Canada.

And Allah Ta’āla Knows Best

Zakariya Memon

Student Darul Iftaa
Chatham, Canada

Checked and Approved by,
Mufti Ebrahim Desai.


This answer was collected from, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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