MORTGAGE & HOMEOWNERSHIP 15. Q: What is the general Islamic ruling on riba-based mortgages? A: The general ruling is that riba is haram. Taking a conventional mortgage involving interest is not permitted. 16. Q: Can someone take a riba-based mortgage due to housing difficulties? A: Only in extreme necessity (darurah)—such as when a person with many dependents cannot find … Read more
📘 Q&A Collection: Student Loans, Riba, Mortgages & Halal Finance Dr. Mahmoud Omar Organized by Topic for Clarity 🎓 STUDENT LOANS & FINANCIAL AID 1. Q: Can a student take a loan just to access attached grants, if they already have enough money? A: Yes, if the loan is interest-free for a set period (e.g., … Read more
🧾 Q: If a child pays off their parents’ debts, such as mortgages and car loans, does that make them the owner of those assets? A: It depends on the intention. If the money was given as a gift (hibah) with no expectation of return or ownership, then the asset remains the parents’ property. But … Read more