What is the ruling on taking a riba (usury or interest) loan to build a house?
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Question:
He says: What is the ruling on one who borrows money from banks with interest, if there is a dire necessity for it, such as building a house for fear of losing it, meaning he has a plot of land and fears it will be lost?
Answer:
This is a lie. There is no dire necessity for riba, not at all. If there were a dire necessity for riba, Allah the Exalted would have made it clear. Riba is not permissible in any case whatsoever. Building a house is not a dire necessity, my brother. Rent a place. Rent a place until you get some money, and then build your house. It is not obligatory to build a house; it is not a dire necessity. Most people are renting nowadays; they do not have houses, and their affairs are going well. Yes.
He says: What is the ruling on one who borrows money from banks with interest, if there is a dire necessity for it, such as building a house for fear of losing it, meaning he has a plot of land and fears it will be lost?
Answer:
This is a lie. There is no dire necessity for riba, not at all. If there were a dire necessity for riba, Allah the Exalted would have made it clear. Riba is not permissible in any case whatsoever. Building a house is not a dire necessity, my brother. Rent a place. Rent a place until you get some money, and then build your house. It is not obligatory to build a house; it is not a dire necessity. Most people are renting nowadays; they do not have houses, and their affairs are going well. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم أخذ قرض ربوي لبناء منزل؟ #فتاوى الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.