Purchasing a real estate loan to build a house
Machine translationRead the Arabic original
Question:
I seek forgiveness from Allah. The questioner asks: What is the ruling on purchasing a real estate loan to build a house, given that I do not own a house?
Answer:
No, submit the application. That is fine. Requesting a loan means you are buying a loan that has been issued to someone else. This is not permissible, and it also violates the regulations, as it is selling dirhams for dirhams. This is not permissible. Also, it is selling something he does not own, as he has not taken possession of it in order to sell it, and this is not permissible for several reasons. Yes. Submit it like the others. No, not before. Yes.
I seek forgiveness from Allah. The questioner asks: What is the ruling on purchasing a real estate loan to build a house, given that I do not own a house?
Answer:
No, submit the application. That is fine. Requesting a loan means you are buying a loan that has been issued to someone else. This is not permissible, and it also violates the regulations, as it is selling dirhams for dirhams. This is not permissible. Also, it is selling something he does not own, as he has not taken possession of it in order to sell it, and this is not permissible for several reasons. Yes. Submit it like the others. No, not before. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، محاضرات في العقيدة والدعوة-022-التوحيد أهميته وفضله|صالح الفوزان|كبار العلماء — youtube.com (1:04:39)
The Arabic text is a machine transcription of the audio recording.