We take 10 lakh loan from bank and made a house on it after some time we return that loan with the sood to bank now is that house ours can we live in it can we take any kind of profit from this house is that halal for us?
Answer:
(Fatwa: 834/540/H=1432)
Taking interest based loan is haram (unlawful), so you should seek forgiveness from Allah sincerely. However, as per the case mentioned above, the house will belong to you and it is permissible to live therein.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband