The Ruling on a Loan from the Ministry of Housing
Machine translationRead the Arabic original
The questioner:
He says: My question, Honorable Shaykh, may Allah reward you with good, is about the Ministry of Housing job that is received through commercial banks.
The Shaykh:
What?
The questioner:
The Ministry of Housing conditions that are received through commercial banks: are they lawful, given that they build shares for the beneficiary and the education fund bears the profits and the matching penalty?
The Shaykh:
You do not take riba (usury or interest) and you do not give riba. Take the assistance the state has provided for you, and there is no blame on you if you limit yourself to what the state gave you and do not deal with the banks in riba. Yes.
He says: My question, Honorable Shaykh, may Allah reward you with good, is about the Ministry of Housing job that is received through commercial banks.
The Shaykh:
What?
The questioner:
The Ministry of Housing conditions that are received through commercial banks: are they lawful, given that they build shares for the beneficiary and the education fund bears the profits and the matching penalty?
The Shaykh:
You do not take riba (usury or interest) and you do not give riba. Take the assistance the state has provided for you, and there is no blame on you if you limit yourself to what the state gave you and do not deal with the banks in riba. Yes.
Source
لقاء الجمعة الطائف 02-11-1440 — alfawzan.live (17:51)
The Arabic text is a machine transcription of the audio recording.