Q: I am renting out a property which is currently on an unlawful mortgage. Is the income/profit made from this property therefore unlawful too? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst it is unlawful to take out an interest-based mortgage the mortgage funds themselves are not unlawful. It is the interest one pays […]
Read more...Tag: haram mortgage
Profit made out of renting a property bought through unlawful mortgage
Q: A landlord, are currently renting out a property which is currently on an unlawful mortgage – is the income/profit made from this property therefore unlawful too? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Whilst it is unlawful to take out an interest-based mortgage the mortgage funds themselves are not unlawful. It is the […]
Read more...