What is the ruling of Islamic law on benefiting from social co-operative housing where the bank pays one-third of its value with interest, and on purchasing a car through an Islamic bank that uses Murabaha?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Social cooperative housing in this form is impermissible due to its inclusion of an interest-bearing loan from the bank, except in cases of necessity. However, sale for the one who commands the purchase is permissible if it adheres to its conditions.
Summarized from the full answer at Ftawy · imported
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- 80818
- Imported
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