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Bank loan for house

Answered as per Hanafi Fiqh by ShariahBoard.org


Is it permissible to take a loan either from a bank or guidance Realty  to purchase a house for family or to buy a building for investment. 

Jazzak Allah khair 

Bank loan for house

بسم اللہ الرحمن الرحیم

الجواب وباللہ التوفیق

Banks or similar institutions usually provide interest-bearing loans, so it is not permissible to take such loans for the fulfilment of these purposes. If an institution offers interest-free loan, then it is right to take loan from there.

فقط  واللہ اعلم بالصواب

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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