Can I Follow Hanafi Rulings Permitting Interest-Based Mortgages to Buy a House?
Hanafi Fiqh
Answered by Mawlana Ilyas Patel
Question
Can I follow Hanafi rulings permitting interest-based mortgages for a first house out of necessity, given high rent costs and the need to fulfill my mother’s rights? We currently live in a rented house and cannot buy outright. Renting is short-term, but my parents want long-term stability. If such rulings are later found incorrect, am I held accountable for following them?
Answer
In the Name of Allah, the Most Merciful and Compassionate
I pray you are in good faith and health. Thank you for your question.
We believe that a conventional interest-based mortgage is unlawful and do not agree with the view that financing one’s first house through an interest-based mortgage is permitted. See the links below.
[Taqi Usmani, Fiqh al-Buyu‘]
I would like you to go through the valuable answers and links below. You will receive guidance and direction in sha’ Allah.
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I pray this helps with your question.
Wassalam,
[Mawlana] Ilyas Patel
Checked and Approved by Shaykh Abdul-Rahim Reasat
Mawlana Ilyas Patel is a traditionally-trained scholar who has studied in the UK, India, Pakistan, Syria, Jordan, and Turkey. He started his early education in the UK. He went on to complete the hifz of the Quran in India, then enrolled in an Islamic seminary in the UK, where he studied the secular and ‘Aalimiyya sciences. He then traveled to Karachi, Pakistan. He has been an Imam in Rep of Ireland for several years. He has taught hifz of the Quran, Tajwid, Fiqh, and many other Islamic sciences to children and adults onsite and online extensively in the UK and Ireland. He taught at a local Islamic seminary for 12 years in the UK, where he was a librarian and a teacher of Islamic sciences. He currently resides in the UK with his wife. His interest is a love of books and gardening.
