As-salamu alaykum. I want to start off by giving some context to my situation. I am a revert that lives in a non Muslim family. For some reason my parents are heavily against me being a Muslim so for the time being I am practicing in secret. My parents have been pressuring me and my brother into buying a house under me and my brother’s name for almost a year now. About 5 months ago I caved in without thinking of the consequences and went along with what they wished and took a riba based mortgage. My parents helped with the down payment contributing 150,000 dollars while I made a contribution of 23,000 dollars. At the time of this taking place my faith was very weak and I was not practicing Islam at all. I wasn’t praying, reading the Quran or doing anything as a Muslim. Alhamdulilah, recently I have found myself faith again and I have realized the grave mistake that I have committed. I would really like to hear some advice as to what I should do because this is really bothering me.

>I have been saving up money for house deposit for a few years and been giving zakat on it every year. This year i will have enough to pay for the deposit and i am going to the start the process of buying the house. If i pay zakat on the saved amount, i will be short and might need to take a loan to cover. Am i required to pay the zakat on the savings in this case?

Assalamwalekum WRB brother . 1. a property that is being used as office for employees, which is consulting or service business?as well the office building has loan or mortgage on it ... 2. I have brought a property on mortgage but and rented it 180k then there is mortgage EMI which is going , like EOD its more that the rent means a loss and property value is not increased that much too so what should I do ? I live in rented property my self and planning to move into this one.. 3. there is an other property in which I live now in other country but in future I may be sell it, but now its my residence whats the ruling on that for zakat ?

What is the definition of interest in Islam ? Anything in addition to the principal or price? Is modern economics possible if Riba is forbidden?

The question https://islam.stackexchange.com/questions/7887/why-is-murabaha-not-considered-riba discusses the theoretical difference between Murabaha and riba. I would like to know if there is any practical difference. To be concrete, let's talk about some numbers. There are two identical houses whose market price is 1000. Ali buys house A using a usual mortgage: he borrows from the bank 1000 (with which he buys the house), then pays the bank 100 per year for 20 years. This is haram, because he pays 100% riba. Bashir buys house B using Murabaha: the bank buys the house for 1000, then the bank sells the house to Bashir for 20 annual payments of 100. This is halal, because there is no loan here - only a profit on the house. My question is: **what happens in case of default?** What happens if after, say, 8 years, they stop paying the annual payments? Ali will probably be sued by the bank. Since the house is a collateral for the loan, the bank is allowed to grab the house and sell it in order to cover the remaining debt. But what about Bashir? Bashir did not receive any loan from the bank. Actually, after 8 years of payment, Bashir owns 40% of the house while the bank owns 60% of it. The bank is not allowed to take Bashir's part because Bashir is not in debt. What, then, will the bank do in this case?

> A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. > Mortgage Loan , Wikipedia I've read somewhere it is better to consider the amount for Zakah which is going to be paid immediately. Whereby the people I have talked to in general say that all Zakat is deferred until you are free of loans. **Question:** Should all of the amount be treated as loan and hence reduce from net worth, or only calculate zakat on what you need to pay in a year?

I bought a house using mortgage and I'm planning to go for Hajj within 2 to 3 years. Will I be allowed to go for hajj if I'm still paying monthly house mortgage together with my husband?

I know taking loan and mortgage in haram in Islam. In UK, I am paying the amount of money as rent which I can pay as mortgage. If I pay as mortgage I will be the owner of that house after several years. But paying the rent I have to pay in this manner for the rest of my life and never be the owner a house. In this time, it is quite tough to pay all the money all at a time. I know related the punishment and warning related to what Quran and hadith has said. Actually I want to know inner meaning why mortgage is haram in Islam. What are the bad consequences of taking mortgage? What is overall effect? I want a clear explanation.

Assalamu aleikum. I have a question regarding mortgage. One of our state banks provide a program for young families. You have to open a deposit account and make certain deposit payment every month which are considered rent payments at the same time. For your deposit you have also certain interest from the government and the bank. When your deposits get a 50% of accommodation price you can get a loan from the same bank with 4% interest in order to make a redemption of the accommodation. The accommodation itself becomes a collateral. What we want to do is to make two-times more deposit payments in order to make redemption without getting a loan. Is it allowed if we do that and get rid of interest from bank and government as a sadaqa (charity)?Some financier in our country who is also considered to be a Muslim says that interest from bank and government is in fact a government help for young families. It should be considered as a help, not interest. But I need to know the ruling on this from sharia point. Many thanks

Bought a house over 10 yrs ago on mortgage. I became a Muslim several months ago. I know riba is haram but I cannot sell the house because the other co-owners do not want to sell. I also signed a 2nd mortgage because the co-owners needed to close old debt account. If I didn't sign, the 2nd mortgage would not be approved. I don't have anywhere else to live for now. I repented but is it enough as riba is major sin?

If interest is haram, how can a Muslim get a house or a car in modern times? The prices these days are so inflated it is impossible for regular people like myself to afford the so-called basic necessities. Getting a house without a mortgage is impossible, unless you are really rich. Getting a new car without a loan is the same. Renting is not an option as that sidesteps the issue at hand, which is whether the modern Muslim is not a good fit for the credit economy. Maybe it is not haram but maybe it is makruh, it does not matter. What matters is that it is not ideal.