The Ruling on Pledging Real Estate in a Bank for the Sake of a Loan
Machine translationRead the Arabic original
Question:
Also, among the questions that reached us, Your Excellency the Shaykh, he says: I have a building and I wish to pledge it with one of the local banks in order to obtain a sum of money to purchase a property, such that I repay that amount in fixed monthly installments with a fixed profit margin as well. What is the ruling on such a transaction?
Answer:
A loan is not taken with interest; every loan that brings a benefit is riba (usury or interest). So a loan is a good loan from which no interest is taken. Yes.
The presenter:
Yes, may Allah bless you,
Also, among the questions that reached us, Your Excellency the Shaykh, he says: I have a building and I wish to pledge it with one of the local banks in order to obtain a sum of money to purchase a property, such that I repay that amount in fixed monthly installments with a fixed profit margin as well. What is the ruling on such a transaction?
Answer:
A loan is not taken with interest; every loan that brings a benefit is riba (usury or interest). So a loan is a good loan from which no interest is taken. Yes.
The presenter:
Yes, may Allah bless you,
Source
قناة «إذاعة القرآن الكريم»، نور على الدرب مع معالي الشيخ صالح الفوزان ح7507 — youtube.com (2:44)
The Arabic text is a machine transcription of the audio recording.