Fixed rate mortgages

You are here:
< All Topics

Question:

Assalamualaikum..

Are fixed rate home loans permissible in Islam?

Answer:

وعليكم السلام ورحمة الله وبركاته

Fixed rate home loans and mortgages are no different from any other _riba_ and interest based loan thus, it is not permissible to enter into such an agreement.

And Allah Ta’ala knows best.

Answered by Shaykh Shabir Moosa

Most Viewed Posts

Recent Posts

Categories

Table of Contents
Top