What is the ruling on buying a house in one's home country with a loan, knowing that the questioner lives abroad in rented accommodation?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the loan is a (a benevolent loan with no interest), there is no harm in taking it to buy a house. However, if it is an interest-based (riba-based) loan, it is not permissible to proceed with it to buy a house or anything else, except in cases of dire necessity. Islamic banks offer legitimate alternatives, such as Murabaha (cost-plus financing) or Istisna' (manufacturing contract), which obviate the need to resort to prohibited transactions.
Summarized from the full answer at Ftawy · imported
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- 105255
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