All Questions
5
questions
2
votes
3
answers
12k
views
If interest is haram, how can a Muslim get a house or a car in modern times?
If interest is haram, how can a Muslim get a house or a car in modern times?
The prices these days are so inflated it is impossible for regular people like myself to afford the so-called basic ...
- 151
1
vote
1
answer
561
views
Is it riba (a major sin) to have a mortgage from before I converted to Islam?
Bought a house over 10 yrs ago on mortgage. I became a Muslim several months ago. I know riba is haram but I cannot sell the house because the other co-owners do not want to sell. I also signed a 2nd ...
- 21
6
votes
1
answer
538
views
What happens in a Murabaha mortgage when the seller defaults?
The question Why is Murabaha not considered Riba? discusses the theoretical difference between Murabaha and riba. I would like to know if there is any practical difference. To be concrete, let's talk ...
2
votes
1
answer
127
views
Rent payments with redemption
Assalamu aleikum. I have a question regarding mortgage. One of our state banks provide a program for young families. You have to open a deposit account and make certain deposit payment every month ...
- 21
7
votes
1
answer
16k
views
Why are mortgages haram?
I know taking loan and mortgage in haram in Islam. In UK, I am paying the amount of money as rent which I can pay as mortgage. If I pay as mortgage I will be the owner of that house after several ...
- 329