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
Did you like this content?
Recommended
Do I Need to Make Wudu’ after Ghusl?
Divorce & Child Custody
Month of Rajab: Names & Merits
How to Keep Concentration During Prayer
Fasting through Rajab, Sha`ban and Ramadan
Things That Necessitate Ghusl
Why one’s faith decreases
Why a Muslim Woman Is Not Allowed to Marry a Non-Muslim Man
Husband and Wife: Mutual Rights and Obligations
How to Come Closer to Allah
Top Reading