Question # : 68815
Answer : 68815
Published on: Sep 11, 2016
بسم الله الرحمن الرحيم
If you get a house on rent and pay its rent it shall be lawful. But if you take interest based loan to buy house or property then it shall be haram and unlawful and abominable act. (Muslim: 2: 17, pub. Maktaba Ashrafia Deoband). Hence it is wrong to judge about something merely by looking its apparent form. You must not take loan from the bank to buy the property rather take house on rent and start living there and save money from your salary by limiting your expenses and after saving adequate money buy some plot of land and afterwards build house over it.
May Allah give you taufiq to save yourself from interest based loan and may Allah arrange personal home for you within no time. Amen!
Allah knows Best!
Darul Uloom Deoband
I am living here in Godhra and practicing since from last 13 yrs. I was also working in homoeopathic medical college since from last 12 yrs. Now recently appointed as professor in govt.college around 60 k.m. from Godhra now the big question is that i am getting salary around 20000/ twenty thousand rupees p.m.and medical practise is also officialy allowed so per month gaining will be around 40000/ so i have to pay around 45000/ rs. per annum in income tax which will be the best solution for me to save this amount. There are so many ways among them one is house loans (most of my coligue has taken which are non muslims) second is investing money in differnt funds where not a single way is intrestless kindly guide me for the same as such i am badly in need of home near vadodra which is around 30 k.m. from my working place. May god gives you instead of your service. Kindly reply soon.