Ruling on Mortgages & ‘Shariah Compliant’ Loans for Homes | Ask Shaykh YQ #71 with Dr. Hatem El Haj

Comments · 371

• UP

  @upf9602 · 6 years ago

  The conclusion begins at <a href="https://www.youtube.com/watch?v=l3prA2vbveE&amp;t=4800">1:20:00</a>, and also includes an additional caveat at <a href="https://www.youtube.com/watch?v=l3prA2vbveE&amp;t=5044">1:24:04</a>. &nbsp; If you don&apos;t want to listen to those segments here&apos;s a summary of the conclusion: <br>A Muslim should avoid conventional financing, and instead use Islamic financing if they have a need, &nbsp;even though as it currently stands islamic financial solutions still have problems. If they can not find a islamic financial solution, and they have a *strong * need, then they should consult with a local scholar on whether conventional loan is appropriate for them due to their special circumstance. &nbsp;<br>In general, we should patronize islamic financial institutions over conventional ones, because we want them to grow in size, so that they can have the power to provide us with more favorable contracts from a Shariee&apos; perspective. &nbsp;At the end of the day, the situation we are in now where the global financial system prevents true islamic offerings from taking place, even in muslim majority countries, is no ones fault besides ours as a ummah. <br><br>[I tried my best to provide a summary, but any mistake is my own, and you should refer to the actual video]

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• MS

  @MSAli86 · 6 years ago (edited)

  I&apos;m by no means a scholar but here&apos;s my two cents. I&apos;m choosing to err on the side of caution because of the severity of the sin. I&apos;d rather rent and lose out in the dunya than jeopardise my hereafter.

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• TH

  @themailman8038 · 6 years ago (edited)

  Thank you Dr. Yasir Qadhi and <br>Dr. Hatem AlHaj for this video.

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• CR

  @CryptoMars19 · 4 years ago

  As muslims we should live by this simple rule &nbsp;&quot;If you cant afford it don&apos;t buy it&quot;. Save yourself the risk of not being able to pay something back👍

  7

• US

  @user28914 · 5 years ago

  very well put together discussion leading to a comforting conclusion.

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• AH

  @AhsanHaji · 5 years ago

  Subhanallah,finally a very useful and to some level a complete discussion of permissability of Home Finance options for Muslims. I have waited for this video for many many years. YQ mentioned in the beginning that reluctance of scholars to give fatwa on this matter, which was interesting to know.

  5

• SA

  @samg7-7 · 9 months ago

  As-salaam Walekum brothers and sisters. Despite the potential leeway please consult your local Imam and most importantly your heart. I was in a similar situation but my heart trembled so I left it. Alhumdullilah

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• AC

  @ac8934 · 6 years ago (edited)

  May Allah bless the ulema trying to move forward in these matters. <br><br>Follow up video defining &quot;need&quot; would be great.

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• AR

  @aromaday88 · 5 years ago

  Jazakom Allahu Khairan to both of you for the huge effort and time in explaining this issue.<br><br>I respect how you explained the positions from both sides of the argument, and not just one. It helps us the lay muslim understand this better and make an informed decision instead of being biased on one side only whichever it may be.

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• SE

  @Seeharmony · 1 year ago

  Allahu &nbsp;barafeek &nbsp;it’s a blessing to have so much knowledge. This is an amazing master class.

• MO

  @mohammadsaqib5092 · 5 years ago

  MashaAlla sheikh may Allah bless you for your effort 🙏, &nbsp;and at the same time save us from all the major and minor sins!

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• MO

  @MohamedShawazaa · 9 months ago

  MAY ALLAH increase your knowledge