Bank Loan to Buy House in Lebanon

21-10-1999 | IslamWeb

Question:

Am I able to request a loan from a bank for buying a house in a country like Lebanon?

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Answer:

All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad is His slave and Messenger.

 

If the loan contains any Riba (interest and/or usury), i.e. includes any interest on settlement, even though this interest is small, then this loan is forbidden as it is a sort of usury.

A Muslim must not deal with Riba as it is forbidden for him to do so, no matter where he is or what his purpose from it is. Under no circumstances, can usury be lawful to Muslims.

Allah knows best.