Q: I had three questions regarding interest:
1. Is a mortgage (on interest) permissible in Islam to purchase a family home?
2. If my parents are pressuring me into purchasing a family home through mortgage rather than renting, am I under obligation to listen to them?
3. If I make a total of the amount of interest my father pays on a regular basis with the intention of persuading him to reduce his loans, is this permissible, and would this be considered “recording interest” which is forbidden in hadith?
A:
1. No.
2. No.
3. If it is to show him the loss that he is incurring then it is not wrong.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)