Is it permissible to buy a house on mortgage from a non Muslim bank in the UK? And what does the concept of taking mortgage loan with the intention of securing the money actually mean?
Is it permissible to buy a house on mortgage from a non Muslim bank in the UK? And what does the concept of taking mortgage loan with the intention of securing the money actually mean?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago
Yes, it is permissible to buy a house on mortgage from a non Muslim bank.
This is according to the most learned scholars who are known as Maraaji' of Taqleed.
Wassalam.