8470
22
12 / 07 / 2026
Please note: this fatwa has been translated by artificial intelligence.
Buying an Apartment with Bank Financing
Is buying an apartment with bank mortgage financing haram or halal? Is there any suspicion of usury or not, with the apartment having a 3% interest rate over 30 years?
Answer
I say, and with God's guidance: Buying apartments from non-Islamic banks is usury and is not permissible by Islamic law, and God knows best.
