Re: Question regarding Mortgage???????
One question to all those of you who are so vocal against interest ...
"I need one 50,000 dollars. I will repay the amoun after 10 years. Are you willing to lend me this money without interest"
Interestingly once such question was put to Mr. Yousuf Ludhianwi in Jang some 10 years back. The question was something like this. Someone took a loan from somedbody some 10 years ago then. The borrower was able to pay the loan after 10 years but he was insisting the lender to take the equivalent Pak rupees at the rate of previaling rate of exchange i.e if a dollar costed some 20 rupees then, he would pay back at the present day dollar rate in Pak Rs.
The confused YL gave his fatwa that the lender should accept the borrower's proposal - so in a twisted way he made interest halal!