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Fatwa Answer

Question ID: 1381 Category: Dealings and Transactions
Bank loan for house

Assalamualaikum 

Is it permissible to take a loan either from a bank or guidance Realty  to purchase a house for family or to buy a building for investment. 

Jazzak Allah khair 

بسم اللہ الرحمن الرحیم

الجواب وباللہ التوفیق

Banks or similar institutions usually provide interest-bearing loans, so it is not permissible to take such loans for the fulfilment of these purposes. If an institution offers interest-free loan, then it is right to take loan from there.

فقط  واللہ اعلم بالصواب