Can I Take a Mortgage if the Interest Rate Is Fixed

Answered according to Hanafi Fiqh by DarulIftaBirmingham

Answered by: Alimah Nasima Umm Hamza


Assalamu Alaikum Brother.

I live in London on rent. I want to know more about mortgages. Whenever I go to enquire about mortgages I am told that I have to pay interest. My question is, can I take a mortgage if interest is fixed and you know how much you will pay for your house?

بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم

In the name of Allah, the Most Gracious, the Most Merciful


It will not be permitted to get a fixed interest rate mortgage. This is because it is still based upon making a monetary gain on giving out a loan, i.e. the bank is making money by lending you money.[1]

Only Allah knows best

Written by Alimah Nasima Umm Hamza

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham


[1] Mukhtasar Al-Qudoori, Kitab Al-Bay’, Chapter on Riba, p180

This answer was collected from, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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