The ruling on purchasing a real estate loan to build a house
Machine translationRead the Arabic original
Question:
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:
Do not go to the bank. Go to the bank. Request the loan. As for purchasing a loan that was issued to someone else, that is not permissible. This also violates the regulations. It is selling dirhams for dirhams. This is not permissible. Also, it is selling something that the person in whose name it was issued does not own until he accepts it; he does not own it until he sells it, and this is not permissible from several angles. It also violates the regulations. Correct. On a grave. Yes.
The presenter:
I ask Allah to reward you
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:
Do not go to the bank. Go to the bank. Request the loan. As for purchasing a loan that was issued to someone else, that is not permissible. This also violates the regulations. It is selling dirhams for dirhams. This is not permissible. Also, it is selling something that the person in whose name it was issued does not own until he accepts it; he does not own it until he sells it, and this is not permissible from several angles. It also violates the regulations. Correct. On a grave. Yes.
The presenter:
I ask Allah to reward you
Source
أهمية التوحيد وفضله — alfawzan.live (1:04:50)
The Arabic text is a machine transcription of the audio recording.