What is the ruling on the loan available on the Iraqi Housing Fund website?

It is permissible to take out an Iraqi housing loan because it is free of usurious interest.

- It is permissible to deduct a 2% administrative fee, provided it does not exceed the customary amount, so that it does not become a trick for usury.

- Life insurance is permissible if imposed by the state and the borrower finds no way to avoid it, because it is excused incidentally, not intentionally.

- The late payment penalty is null and void and not permissible, but it has become a widespread affliction. Therefore, it is excused for the citizen to contract with the state, provided that he intends to pay on time to avoid paying it.