The ruling on purchasing a house through riba (usury or interest) banks
Machine translationRead the Arabic original
Question:
Honorable Shaykh, this questioner says: A Muslim living in the West wants to buy a house because rent there is very high, but houses cannot be purchased except through the banks there, and they deal in riba. The question is: Is it permissible for him to buy through the banks because he is in dire necessity?
Answer:
No. Riba is not permissible under any circumstances, nor in cases of dire necessity. Rent solves the problem. You are not in dire necessity, my brother. Rent. If you are able to buy a house through a lawful means, there is no harm. Buying a house in the lands of the disbelievers may perhaps encourage you to reside and settle there, and to stay there. However, buying the house is permissible if it is with lawful money. As for buying it through the bank by means of riba, that is forbidden and not permissible, and there is no dire necessity for this, because rent solves the problem. Allah the Exalted has not made riba permissible in any state; He has not made it permissible in any state, because Allah has enriched the Muslims with what is lawful.[Al-Baqarah 2:275] Allah has enriched the Muslims with what is lawful, and you can obtain the house through lawful means, either by renting, or by buying on credit without riba, or by other means. Yes. And Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad and upon his family and his Companions.
Honorable Shaykh, this questioner says: A Muslim living in the West wants to buy a house because rent there is very high, but houses cannot be purchased except through the banks there, and they deal in riba. The question is: Is it permissible for him to buy through the banks because he is in dire necessity?
Answer:
No. Riba is not permissible under any circumstances, nor in cases of dire necessity. Rent solves the problem. You are not in dire necessity, my brother. Rent. If you are able to buy a house through a lawful means, there is no harm. Buying a house in the lands of the disbelievers may perhaps encourage you to reside and settle there, and to stay there. However, buying the house is permissible if it is with lawful money. As for buying it through the bank by means of riba, that is forbidden and not permissible, and there is no dire necessity for this, because rent solves the problem. Allah the Exalted has not made riba permissible in any state; He has not made it permissible in any state, because Allah has enriched the Muslims with what is lawful.
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا
Source
75-اللقاء الأسبوعي مع الشيخ صالح الفوزان - 16 — archive.org (1:10:16)
The Arabic text is a machine transcription of the audio recording.
