mortgage

DEAR SIR, I WOULD LIKE TO ASK THAT WHETHER IT IS A HALAL WAY OF EARNING TO WORK AS A MORTGAGE ADVISOR. I HAVE SHIFTED TO UK AND WANT TO DO MORTGAGE ADVISOR COURSE SO THAT I SHOULD WORK AS A MORTGAGE ADVISOR. PLEASE ADVICE.

In the Name of Allah, Most Gracious, Most Merciful.All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother in IslamAl Salam alaykumI am a Swiss Muslim live in Switzerland. I live in a rented house for around 10 yeas; this house has 2 floors, 2 families live in this house each floor one family. The owner of the house wants to sell the house to one of these 2 families (my family or other family). The owner propose us first as we are living in this house much longer than the other family.We want to buy house because our children grew up and go to school in this area abd my old father lives in the same street and. The house cost 1550000 Swiss Franc. The money we saved is only 700000 francs, to be able to buy this house it is necessary to take interest-based loans from banks, we rent this house since 10 years already and we are paying rental fee which the same amount I am going to pay to the bank as interest , if the other family will buy the house, they will ask us to leave because they always wanted to live in the part we rent as it bigger and nicer, and we cannot easy find new house of apartment in the area where we live now. We only want to keep this house and no attention of doing business or earning money in this bank deal.Any prohibition may have certain necessity circumstances that call for relaxation. This applies to riba and too many other prohibitions. Of course, a necessity must always be given its right weight since it is Allah, the Most Knowledgeable, Who is going to screen our truthfulness, not any one else, can you justify this case as necessity and advice us to go ahead and buy the house or say hasbi allah wa nima alwakeel.May Allah guide you to the straight path, and guide you to that which pleases Him

we are planning to go to Hajj this year inshallah but one thing is bothering me that we have not yet paid off our mortgage and its going to take atleast 3/4 years to pay it off or probably more than that.My question is will our hajj be acceptable?.We tried to change our mortgage to islamic one but we found out that it will work out more expensive and will take more time to pay it off.

I have a Zakat question. I need to pay my last year's Zakat if you can kindly answer my question. I have submitted this to many sites, but they do not answer. Wallah Alam.I have assets (stocks) of about $200,000. I also have home mortgage loan of $500,000. Right now I am making monthly payments for my loan, but I am waiting for my stock to appreciate so I can payoff the loan. Do I owe Zakat? Is loan not deducted from assets to calculate Nisab?I am anxiously waiting for your response. Please!

Assalamu Alaikoum Wa Rahmatou Allah Ta3ala wa baraketouhou. Bismi allahi arrahmani arrahim. Dear Scholars can you please clarify and if possible give me a definite answer to my Question which is in regards to Mortgages. I live in the UK I have just married, the house we live in is a 1 bedroom house and we pay £600 rent a month. I have approached islamic banks for Mortgage (Amamnah finance), as I do have about 15% of the value of the house. even then they said I wont be able to afford it based on my salary, and it is true I will not be able to afford it at this time. I approached conventional Banks for conventional Mortgages and they offered us a good mortgage with repayments that we can actually afford and it will give us the chance to buy a bigger house than the one we live in. in regards to darurah of the matter, My wife is finishing her studies at University and she cannot actually do her work properly because of the lack of space, we are happily maried but the space issue gets to us and sometimes gets in the way of our marriage. I have asked about this and I was told that I do not have a darurah in this case because I have a roof to live under. My question is as follow, My intetion is to get a convetional mortgage for a short period of time to get the space and get a house which we can actually call home, inchallah and with allah's help improving our financial situation we will move to an islamic mortgage when we can afford it, I am working towards getting a better higher paid job? Second is my situation a darurah or is it not? Jazakoum allaho Khier

Alsalam AlaykumCan you pls. explain if it is lawful (or not) for a Finance Manager to work for a company while one of its branches of business is providing mortgages. The company has other branches including import, export and manufacturing. However, the Finance Manager is responsible for all financial mattars for the three branches.Jazakum Allah Khayran

Salamu alaykum brother,I live in canada and i would like to ask you about the morgage issues. I have two kids and i want to have more but my landlord is not allowing me. He said that i will have to move out if i have another. If i rent outside it is difficult to find a reasnoble size home without someone else living underneath you in the same home. We tried to go with ISNA to buy a house but they asked too much of a down payment that we don't have. So are we allowed to buy under a  morgage. What are the guidlines because we are having a problem excepting morgage as an option. We don't want to go on the wrong path. We look forward to hearing from you soon, please. Jazakum Allahu Khair.

Dear scholars, As-Salamu `alaykum. Could you please explain the law of necessity concerning buying a house on mortgage in the United States? Jazakum Allah khayran.

Prior to converting to Islam, I bought an apartment in NYC which I was living in at that time. The mortgage was with a major US bank. The apartment is now rented to a tenant and is paying for itself. I looked into halal refinancing which is not readily available and what is available I cannot afford (they want 40% down, market rent plus the same amount in principle payment each month). Do I have to sell the apartment?

Am I allowed to perform Hajj if I still have a mortgage left on my house?

As-Salamu `alaykum. I have been thinking to set up a company where I can provide interest-free mortgages to the Muslim Ummah. I have spoken to some people and they told me it would only work if a house could be bought for the lender and then rent it to him till he pays up the whole loan. Obviously, I need to look into the future value of the property and also I would like to make money so I can help other people. Could you please guide me, how this type of system can work in the west so I can start something quickly. I know there are so many needy people out there and I would like to help them.

As-Salamu `alaykum. I read about the fatwa of buying home through mortgage and the key of that fatwa is two things: Islamic solution unavailable and necessity for purchasing home. My question is what are the criteria of necessity? Who can set the situation of necessity? Jazakum Allahu khayran.