The Majlis Archive
Finance - Banking - Business The Majlis Vol 25 No 02, p.5

A sheikh says that if a person is buying a house for the first time, it will be permissible to acquire a bank loan.

Question

A sheikh says that if a person is buying a house for the first time, it will be permissible to acquire a bank loan. Is his view valid?

Answer

Regardless if a person is a first time buyer, dealing in riba is haraam. The one who claims that it is permissible is a jaahil.

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The Majlis Vol 25 No 02
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5

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