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halal or haram ?

Last updated: 20th November 2006
Question ID: #3077
Short URL: http://qa.muftisays.com/?3077
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pure trust
20th November 2006

 
If we lend some money from non-muslim banks for purchase of property on intrest bases in a non muslim country is it halal or haram ?



Answer
Ulamaa
Ulamaa ID 04
Answer last updated on:
13th April 2008
Answered by:
Ulamaa ID 04
Website
Location: London
Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


Riba (usury) is Haraam, it will not be permissible.

Allah Ta'ala states:

"O! you who believe, fear Allah and give up what remains of your demand for usury, if you are indeed believers. But if you do not (abstain) take notice of war from Allah and His Apostle…"
(Surah Al Baqarah, Ayah 279)

Nabi (Sallallahu Alaihi Wasallam) has said:

On the night of Miraj, when we reached the seventh Heaven I looked above me. Suddenly I heard the sound of thunder and lightning. Then I came to a group of people whose bellies/stomachs were as big as houses, in which there were snakes which could be seen from the outside. I asked Jibraeel "Who are these people?" He replied "People who consumed interest."
(Ibn Majah)


And Only Allah Ta'ala Knows Best.