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Question # : 146822

India

I am working as assistant professor in one of the college, my age is 35 having 2 kids, leaving in Navi Mumbai, my earning is not enough to purchase a house with home loan, but I can take home on heavy deposit (up to 5 Lacs) with small amount of rent like 2000 etc. The current rent here is approximately 8000-9000. I want to purchase a home without home loan but for that I have to save money for at least 5 years by saving rent payment. Is it permissible for me to have home on heavy deposit as my intention is to save money to purchase a home loan free house. Please reply.

Answer : 146822

Published on: Feb 14, 2017

بسم الله الرحمن الرحيم



(Fatwa: 365/378/B=5/1438)



When the house rent in your area is normally between 8 to 9 thousand then it shall be unlawful to pay heavy deposit of 5 lacs and pay monthly rent of 2000. Under the pressure of this deposit it shall not be lawful to pay 6 or 7 thousand less rent .



كلقرضجرنفعافهوربوا.




Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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