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    Is it pretty much haram to buy a house in most western countries because of interst? How do people go about this?
    If you think nobody cares if you're alive, try missing a couple of payments.” ~

  • #2
    Everything in west involves interest, roads, infrastructure, hospitals, universities, welfare payments benefits. Most of these things involve loan repayments or generating interest revenues. If interest is haram then living here is basically haram.

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    • #3
      Originally posted by Life01 View Post
      Is it pretty much haram to buy a house in most western countries because of interst? How do people go about this?
      There are Islamic mortgages as well which are interest-free. You can contact them to know the detail
      We are just an advanced breed of monkeys on a minor planet of a very average star." -- Stephen Hawking

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      • #4
        Yes every street we drive on, bridges, sewer systems and the Water Supply we drink daily was built and maintained with Bond Money!

        and please note the ruling in the Holy Quran states Interest "DOUBLE" and "FOUR" Times is Prohibited!


        ref: Al-Imran 3:130
        "O YOU who have attained to faith! Do not gorge yourselves on usury, doubling and re-doubling it - but remain conscious of God, so that you might attain to a happy state; - 3:130 "

        On the other hand you do have options now in the USA one service called "La Riba" started by Dr Yahya Abdul Rehman of Egypt whom I had the pleasure of knowing!

        https://www.youtube.com/watch?v=W4VVwRuCesM
        We don't see things as they are; we see things as we are!

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        • #5
          We can avoid taking loans anyway unless it?s for something that causes extraordinary hardship such as a huge medical bill, etc. Some don?t consider renting an extraordinary hardship. Also one can save to buy with cash which has its own advantages. If saving for house seems unaffordable, saving for a condo may do. The purchased property may not be in A+ neighborhood or condition but it will be in person?s name on day 1.

          Also there is a new survey out that says ~70% millennials regret buying home. So it?s not that much fun as much it sounds.

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          • #6
            May Allah protect us from any kinda riba ameen
            “The keys to the life of the heart lie in reflecting upon the Quran, being humble before Allah in secret, and leaving sins.” Ibn Qayyim al Jawziyyah

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            • #7
              MBS or Sultan qaboos doesn't fund the islamic mortgages so isn't it basically like where you pay a monthly payment that combines interest + principal.

              The banks will tell you the total interest + loan if you pay the loan on time. Of course, you can save on the interest if you so incline by doing a more expensive 15 year mortgage and paying it off early.
              Say no to 'islamofascism'..

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              • #8
                Originally posted by Obama View Post
                Yes every street we drive on, bridges, sewer systems and the Water Supply we drink daily was built and maintained with Bond Money!

                and please note the ruling in the Holy Quran states Interest "DOUBLE" and "FOUR" Times is Prohibited!


                ref: Al-Imran 3:130
                "O YOU who have attained to faith! Do not gorge yourselves on usury, doubling and re-doubling it - but remain conscious of God, so that you might attain to a happy state; - 3:130 "

                On the other hand you do have options now in the USA one service called "La Riba" started by Dr Yahya Abdul Rehman of Egypt whom I had the pleasure of knowing!

                https://www.youtube.com/watch?v=W4VVwRuCesM
                Okay iam confused is interst haram or not? And what about personal loan with interst are those haram?
                If you think nobody cares if you're alive, try missing a couple of payments.” ~

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                • #9
                  Originally posted by Life01 View Post
                  Okay iam confused is interst haram or not? And what about personal loan with interst are those haram?

                  Once again, i'm no molvi but let me tell you my perspective:

                  Interest is haram, no question about it.

                  But you are not "taking" interest. you are paying it if you are on mortgage. You have no other choice apparently. If you have other choices, go for it. Like renting a house or saving money so much that you can buy on cash. But is it practical? May be rental but its hard to save this much. No?

                  Same goes with personal loan. You see student loan is also personal loan. But you end up getting it if you are studying for higher degree, once again unless you pay all by your savings.
                  We are just an advanced breed of monkeys on a minor planet of a very average star." -- Stephen Hawking

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