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Halal or haram ?

Answered according to Hanafi Fiqh by Muftisays.com
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If we lend some money from non-muslim banks for purchase of property on intrest bases in a non muslim country is it halal or haram ?

Answer
Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

Riba (usury) is Haraam, it will not be permissible.

Allah Ta’ala states:

“O! you who believe, fear Allah and give up what remains of your demand for usury, if you are indeed believers. But if you do not (abstain) take notice of war from Allah and His Apostle…”
(Surah Al Baqarah, Ayah 279)

Nabi (Sallallahu Alaihi Wasallam) has said:

On the night of Miraj, when we reached the seventh Heaven I looked above me. Suddenly I heard the sound of thunder and lightning. Then I came to a group of people whose bellies/stomachs were as big as houses, in which there were snakes which could be seen from the outside. I asked Jibraeel “Who are these people?” He replied “People who consumed interest.”
(Ibn Majah)

And Only Allah Ta’ala Knows Best.

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Moulana Qamruz Zaman
London, UK

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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