How is it that mortgages can be declared halal?

[@kalkiiqbal7255]

O Allah, send a perfect prayer and complete greeting of peace upon our master Muhammad - the one by whom problems are solved, and anxieties are relieved, and needs are fulfilled, and aspirations are attained and good endings are received, and by whose noble face the clouds give rain - and upon his Family and Companions, with every glance and every breath, by the number of everything that is known to You!

[@afzalshaikh2128]

Is the bank really buying it? Or is it giving you money to buy it?

[@wasay456]

They are 'giving' you the money but only through buying the house, while also holding it as collateral. The title is in your name but the bank has the right to forclose it, which gives credence to what he says. I am not saying he's 100% correct as I honestly don't know but I do know that simply translating Interest=Riba is misleading and lazy.

[@shien121]

@@wasay456well said

[@eros727]

They basically own it until you fully pay the agreed upon sum on the agreed upon Timeframe

[@afzalshaikh2128]

@@eros727 they literally transfer money from one account to another and title and ownership is under your number

[@ensyy_]

What's his name?

[@BasedArgaz]

Atabek Shukurov

[@riyadmohammad]

Fear Allah

[@lemarsayeedzai5357]

Hahaha 😆 my allah guide you brother.

[@bubblessqueak2363]

He is a black magician who steals peoples spiritual gifts !!!!