Shaikh, is it possible to buy a house in Canada in a halal way? Is there any way I can buy a house  through conventional mortgage in a halal way? | Sheikh Assim Al Hakeem
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  5. Shaikh, is it possible to buy a house in Canada in a halal way? Is there any way I can buy a house through conventional mortgage in a halal way?

Shaikh, is it possible to buy a house in Canada in a halal way? Is there any way I can buy a house through conventional mortgage in a halal way?

15 Dec

Conventional mortgage is clear RIBA. One is better off paying rent till the rest of his life rather than getting involved in such a major sin.

Shaikh, is it possible to buy a house in Canada in a halal way? Is there any way I can buy a house through conventional mortgage in a halal way?

Riba | December 15, 2016 6:59 pm
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I have received Provident Fund from my ex-organisation which also contains some interest amount. Now, I want to get rid of interest amount. How could I get rid of that interest amount?

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A good friend of mine wants to buy a property, but needs to take out a loan. The issue is however, there does not seem to be any Islamic financing available here in Singapore. Any thoughts on what is the best way to do this (using CPF etc.). Buying the property helps him with his citizenship application as well, which is another important factor to him.

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