Is Mortgage Halal?
halalanswers.com
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.
Mortgages are generally considered haram (forbidden) in Islam because they are riba-based (interest-based) transactions. This applies both in Muslim and non-Muslim countries.
Sources:
Explanation: Mortgages involve paying or receiving interest, which is explicitly prohibited in Islam. Exceptions can be made only in situations of extreme necessity, such as being at risk of losing basic shelter, similar to the conditions allowing one to eat prohibited foods in extreme hunger.
And Allah knows best.