Are mortgages halal? In Islam usury is clearly forbidden. It is a major sin and is one of the seven gravest ones. Those who commit it are considered as waging war against Allah Almighty and His Prophet (peace be on him). Fiqh Councils throughout the Muslim World state that bank interest is usury. Those who take ribā (usury or interest) will not stand but as stands the one whom the demon has driven crazy by his touch. That is because they have said: “Sale is but like ribā.’’, while Allah has permitted sale, and prohibited ribā. So, whoever receives an advice from his Lord and desists (from indulging in ribā), then what has passed is allowed for him, and his matter is up to Allah. As for the ones who revert back, those are the people of Fire. There they will remain forever. (2:275) Allah destroys ribā and nourishes charities, and Allah does not like any sinful disbeliever. (2:276) Surely those who believe and do good deeds, and establish Salāh (prayer) and pay Zakāh will have their reward with their Lord, and there is no fear for them, nor shall they grieve. (2:277) O you who believe, fear Allah and give up what still remains of ribā, if you are believers.(2:278) But if you do not (give it up), then listen to the declaration of war from Allah and His Messenger. However, If you repent, yours is your principal. Neither wrong, nor be wronged. (2:279) If you can buy outright If you can afford to buy a property outright, you shouldn’t get an interest-based mortgage. If you cannot afford to buy your home If you can’t afford to buy a home, you need accommodation. What should you do? Some people will say don’t get a mortgage, pay rent as this … Continue reading Is it permissible to take out a mortgage in Islam?