Is home loan halal?
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Food, water, and medical access are running out for Palestinian children in Gaza. Share what you know—, how to advocate, how to help families. Join the community action thread.
Home loans can be halal depending on the specifics. If the bank buys the house first, then sells it to you for a higher price in installments without any stipulation of riba (interest), it is permissible. However, traditional interest-based loans are haram and must be avoided.
And Allah knows best.
Sources: