Question 269 - The Enlightening Answer Across the Ether, Vol 3

Question and answer [link]

Question 269

In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, Lord of the worlds, and may Allah send prayers upon Muhammad and the family, the Imams and the Mahdis, and grant them abundant peace. Question: Concerning financial loans from foreign, non-Muslim banks here in Europe: some Muslims take a monetary loan from a bank to buy a home and then repay the sum with interest at a rate of 6.84 percent over 20, 25, or 30 years. It is possible to pay only the interest while the principal remains owed by the person until he sells the home and repays the loan from the proceeds; or, in another case, he repays part of the loan monthly plus the required monthly interest of 6.84 percent. The total monthly amount paid by the person is therefore rent, loan repayment, and interest. My master and guardian Ahmed Alhasan, is taking a loan from the bank and repaying it to the bank with monthly interest lawful or unlawful? What you declare lawful is what Muhammad declared lawful, and what you declare unlawful is what Muhammad declared unlawful. Thanks be to Allah, Owner of sovereignty, who causes the sphere to move and is Judge of Judgment, for granting me success and faith in you. I ask Allah to make me one of your soldiers, obedient to your commands, and martyred at your hands. Your obedient servant, Layth. Sender: Layth - Malmö, Sweden

Source: The Enlightening Answer Across the Ether, Vol 3; Author: Imam Ahmed Al-Hasan; Question 269; Page Not available; AL-JAWAB-AL-MUNIR-V3-Q269. View Arabic source · Open the original Arabic source ↗