I don’t know where you guys get the idea that PAYING interest is haraam anyway, especially when you’re taking out a loan from majboori. Houses cost so much these days and to buy a house outright standing involves you either having a big inheritance, or a big income and you were living with your parents and never paying any expenses and now you’ve saved up to pay for a place on your own. Even then a mortgage, even a small one, is usually taken out in those circumsances and paid off rapidly.
It is DUMB to take out 5 mortgages and then think your job will be forever there. I know one idiot who took out 5 morgages, lost his job, and now has gone through multiple foreclosures. That’s STUPIDITY.
But if you play by the rules, and play intelligently, then I doh’t see how it is haraam. Now if you are loaning out money and charging interest on those loans then yeah, THAT is haraam. But to be victimized by interest when you don’t have much of a choice otherwise - I really don’t see any solid evidence in the Quran that suggests you would be in trouble.
That’s like saying you’re at fault if you got robbed, or raped, or murdered, or deceived.
Islam never puts the punishment on the victim.
The people who say you cannot take out loans with interest on them, are only politically-oriented people who over time in the history of Islam have had a vested interest in preventing a system like capitalism or such systems to grow. The idea at the time was, well if we can discourage people from engaging in Riba, then the system of Riba would undergo failure. Can’t profit on loans when there is no one to give loans out to. It was meant as a ploy to bring down rich investors at that time, who naturally were usually of Jewish origin.
Otherwise, there is no real evidence in the religion that suggests taking out loans if you need to is haraam, and if paying interest or “fees” as “Islamic” banking conveniently terms it is unavoidable, then it is unavaoidable.