Title: We take 10 lakh loan from bank and made a house on it.

Question: We take 10 lakh loan from bank and made a house on it after some time we return that loan with the sood to bank now is that house ours can we live in it can we take any kind of profit from this house is that halal for us?

Answer ID: 31667Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 834/540/H=1432) Taking interest based loan is haram (unlawful), so you should seek forgiveness from Allah sincerely. However, as per the case mentioned above, the house will belong to you and it is permissible to live therein.