What is the ruling on buying houses through banks?
Machine translationRead the Arabic original
Question:
The questioner asks: What is the ruling on buying houses through banks?
Answer:
It is not permissible to take riba (usury or interest) loans from banks. Riba is not permissible for a Muslim to take or use, for Allah (Mighty and Majestic) has forbidden it and threatened those who engage in it. There is sufficiency in the halal (lawful) that makes one independent of the haram (forbidden). If a person does not have a house he owns, he should rent until Allah makes it easy for him and he is able to buy a house to live in, or to renovate a house to live in; he should rent until Allah makes it easy. As for resorting to riba, this is haram and not permissible. Yes.
The questioner asks: What is the ruling on buying houses through banks?
Answer:
It is not permissible to take riba (usury or interest) loans from banks. Riba is not permissible for a Muslim to take or use, for Allah (Mighty and Majestic) has forbidden it and threatened those who engage in it. There is sufficiency in the halal (lawful) that makes one independent of the haram (forbidden). If a person does not have a house he owns, he should rent until Allah makes it easy for him and he is able to buy a house to live in, or to renovate a house to live in; he should rent until Allah makes it easy. As for resorting to riba, this is haram and not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم شراء البيوت عن طريق البنوك؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.