Buying House on Finance

Answered according to Hanafi Fiqh by Askmufti.co.za

Q: Before I ask my question, I would like to just say that I am living in Canada. My question is about financing and mortgage for a car and house. I would like to know Islam’s view on these two matters.

A: If the current house in which you live is too small for your family, or the environment you live in is dangerous and detrimental to the physical and spiritual well-being of your growing kids, then it will be permissible to purchase a house using finance schemes. However, I would advise that you firstly consider Islamic finance. This is available in some countries and in such a scheme you do not pay interest.

If this is not possible then as a last resort, you may use the mortgage scheme in which you will pay interest. Try your best to pay off the loan as soon as possible and continue to make taubah for taking a loan on interest. Paying interesting is equally haraam.

I also suggest that you consult your local Muftis and Ulema on this matter.

And Allah Ta’ala knows best

Mufti Siraj Desai


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