Most scholars say an interest-based mortgage is haram because it involves riba, which the Quran forbids (2:275, 2:278). Some contemporary scholars and councils allowed it in non-Muslim countries when a person has no other way to get a home, treating it as a case of need. Others reject this. Look first for an interest-free alternative such as a Sharia-compliant home finance plan, and ask a scholar about your situation.
Quienes usurean no se levantarán sino como se levanta aquél a quien el Demonio ha derribado con sólo tocarle, y eso por decir que el comercio es como la usura, siendo así que Alá ha autorizado el comercio y prohibido la usura. Quien. exhortado por su Señor. renuncie conservará lo que haya ganado. Su caso está en manos de Alá. Los reincidentes, ésos serán los condenados al Fuego y en él permanecerán para siempre.
¡Creyentes! ¡Temed a Alá! ¡Y renunciad a los provechos pendientes de la usura, si es que sois creyentes!
This is general information, not a fatwa. For your own situation, ask a qualified scholar.
Questions about halal and haram
Can a Muslim take a conventional mortgage?
Most scholars say an interest-based mortgage is haram because it involves riba, which the Quran forbids (2:275, 2:278). Some contemporary scholars and councils allowed it in non-Muslim countries when a person has no other way to get a home, treating it as a case of need. Others reject this. Look first for an interest-free alternative such as a Sharia-compliant home finance plan, and ask a scholar about your situation.
