Mortgage- Halal/Haram

[cricketplaya]

@gulab_jamun

Coming from a family that followed the riba rule to the dot on the i, We never took out interest…mind you we were not rich either…When I was four or five we found a house about an hour away from the nearest populated city for 50K And my dad brought it on cash…It was a 3 bedroom 2 bath…was it the perfect house? far from it…It was in the middle of literally nowhere…but we were happy…and 16 years later the price the property rose, and my dad sold it and brought it a prettier house for my mom and with whatever was left or it my dad pays off my med school bills which is a hefty sum of 20K/ year (my dad says he’s giving me interest-free loan - yes he’s quite the businessman!).

That was the reward for my father’s persisitance to Allah’s path…and that left quite an impression on me- and that fact that anything is possible..

But I am fully aware that not every one can do this…but lets keep in mind that both taking and recievince riba is a sin through and through supported by both the Quran and Hadithes, not contested by any scholar for centeries since Muhammad (s) and even today whether they live in the US or Middle East or South Asia. And when we keep this in mind…we have the power to feel guilty and we then attain the power to ask for forgiveness…and Allah swt in the most forgiving.

mash’Allah, may Allah keep you and your family happy!! =)

@gulab_jamun

That said…what I don’t understand is this----if a vascular surgeion makes 700,000/year.. why in the world does he need to take out a mortgage?You can buy a fine house at 500K or even 250K(!) and save yourself a lot of sin, and lost money on interest rates. Personally I think buying things on loan when there’s no need to is stupid- you only lose more money and pay more then it’s worth.

Dunya attracts. Greed kills. That’s why they take on mortgages and the rest we all know what is happening today. Fall of the empire; America!