Dr.Monzer Kahf, a prominent economist and counselor states: “In certain countries, we are faced with a common need that applies to many Muslim families that live in Western countries that have no Islamic house finance facilities. I believe that this kind of need call for relaxation of Riba for Muslims who find themselves in those countries and that situation, and if I was in their place I would go ahead and take an interest-based loan and buy the house. I pray to Allah to help all muslims pay this loan to the bank in a very fast way InShaAllah.”
Taking interest-based loan to buy a house
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