I live in New Zealand.The Tax rate is high and the retirement income is very low.So citizens ensure their future by buying houses.And of course they get laons from the bank. But us Muslims we are not allowed the REBA. Some of us can hide money from the tax , but I knew that is haram as we have to respect the laws of the country and that it will give bad example of muslims if they found out. I am realy confused and would like a proper answer for that. Specialy that I am doing a hard job for a litle money. other people say that we should get laons because the amount of the rent is very high so it is better that you own the house at the end.Jazakoom Allah Kiran .
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
Mashallah, you are a good example of a Muslim living in a non-Muslim country, . Muslims should abide by those laws of the country which are not un-Islamic. They should use legal channels to address their religious difficulties to the relevant authorities. Cheating and speaking lies etc is not a way of Muslims. It is human nature to be attracted to good character and conduct. Riba is expressly prohibited (haram). It is not permissible for a Muslim to take an interest loan to purchase a house to secure ones future. It is possible to rent a house if one cannot afford it.
And Allah knows best
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In’aamiyyah