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Tag: riba-based loan

Taking Loans from Islamic Banks: Allowed?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. 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. In this fatwa: 1- This kind of transaction is called tawrruq which is impermissible. 2- As for working in an Islamic bank, it is allowed …

mortgage allowed

Are Mortgages on Homes in the West Allowed?

Asalamu Alaikum, Thank you for contacting About Islam with your question. Shaykh Atabek Shukurov, from Let the Quran Speak, addresses this question in the video below: Transcript: Aisha Khaja: Why is there a general perception among the Muslim community that mortgages are impermissible in Islam? Shaykh Atabek Shukurov: You know it’s a very important question. There are …

Can My Non-Muslim Sister Take Interest-based Loan to Help Me?

Can My Non-Muslim Sister Take Interest-based Loan to Help Me?

Wa `alaykum As-Salamu waRahmatullahi wa Barakatuh. 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. In this fatwa: 1- It is not permissible for you to tell your sister, or help her, or ask her, or approve of her taking out a riba-based …



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