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The question

What are the available alternatives for paying the remaining half of the price of the house, which was purchased in my name to help my nephew, without resorting to interest-based financing, especially since I cannot obtain financing from Al Baraka Islamic Bank?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

You have done well in helping your relative purchase the home. As for the remaining amount, you must seek permissible ways to pay it off. If you are unable to do so, we advise you to sell the house, pay off the debt, and be content with renting another home. It is not permissible for you to borrow with usury due to its legal prohibition. This is only permissible out of necessity, and purchasing a home is not a necessity as long as renting is possible.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
93892
Imported
Translation status
Source text, unreviewed
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