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  1. #1
    اصبر aynina's Avatar
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    Riba' in housing



    If renting is riba' and buying is riba' isnt buying a house the lesser of 2 evils since u actually have something after 20-30 years whereas if u rent you throw away the amount of money which could have afforded you 2 houses if not 3 in a lifetime?

    I see many muslims live in poverty just bc they choose to rent a house for about 60 years and then end up with nothing to pass onto their children, they threw away at least 300.000 euros in a lifetime on rent

    Whereas when u pay intrest on a 150.000 euro loan its gna be only about 15.000 euros u throw away...

    Warning: Its a question not a fatwa
    يَٰٓأَيُّهَا ٱلنَّاسُ ٱعْبُدُوا۟ رَبَّكُمُ ٱلَّذِى خَلَقَكُمْ وَٱلَّذِينَ مِن قَبْلِكُمْ لَعَلَّكُمْ تَتَّقُونَ

    O mankind, worship your Lord, who created you and those before you, that you may become righteous

    Surah Al Baqarah ayah 21

  2. #41
    اصبر aynina's Avatar
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    Is intrest haram



    Many muslims still take student loans thinking it's a minor thing, not understanding the severety.

    My brother took a loan to buy a house, he asked the bank 136.000 euros, the bank granted the loan and he has to pay back 576 euros a month,over 299 months.
    I calculated it and in the end he will have paid back 299×576.77=€172.454,23

    Per euro he receives he pays pack 1.27 euros, thats 1/3rd he throws away, nearly 40.000 euros... thats a house in some countries

    These jews smh
    يَٰٓأَيُّهَا ٱلنَّاسُ ٱعْبُدُوا۟ رَبَّكُمُ ٱلَّذِى خَلَقَكُمْ وَٱلَّذِينَ مِن قَبْلِكُمْ لَعَلَّكُمْ تَتَّقُونَ

    O mankind, worship your Lord, who created you and those before you, that you may become righteous

    Surah Al Baqarah ayah 21

  3. #42
    Wanderer Stoic Believer's Avatar
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    Riba' in housing

    I guess thats one advantage of a working wife. If you both save money meticulously, you might be able to buy a house with cash.

    The economy of mortgages and riba is a construct of the banking elite. Aside from the obvious haraam, Muslims should not be playing their game.
    Last edited by Stoic Believer; 20-10-17 at 12:26 PM.

  4. #43
    اصبر aynina's Avatar
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    Re: Riba' in housing

    Quote Originally Posted by Stoic Believer View Post
    I guess thats one advantage of a working wife. If you both save money meticulously, you might be able to buy a house with cash.

    The economy of mortgages and riba is a construct of the banking elite. Aside from the obvious haraam, Muslims should not be playing their game.
    Yea or maybe if you inherit money but besides that i think renting a house is the thing
    يَٰٓأَيُّهَا ٱلنَّاسُ ٱعْبُدُوا۟ رَبَّكُمُ ٱلَّذِى خَلَقَكُمْ وَٱلَّذِينَ مِن قَبْلِكُمْ لَعَلَّكُمْ تَتَّقُونَ

    O mankind, worship your Lord, who created you and those before you, that you may become righteous

    Surah Al Baqarah ayah 21

  5. #44

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    Re: Riba' in housing

    Quote Originally Posted by aynina View Post
    Yea or maybe if you inherit money but besides that i think renting a house is the thing
    The mindset of many people changes once they become parents. They fear for the poverty of their children and this is how they (sometimes) justify taking out loans to buy a house because "what will I leave behind for my children?"

    There is also a saying that: renting is just a form of paying for the bond of someone else (which is used as another justification)

  6. #45
    اصبر aynina's Avatar
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    Re: Riba' in housing

    Quote Originally Posted by horizon View Post
    The mindset of many people changes once they become parents. They fear for the poverty of their children and this is how they (sometimes) justify taking out loans to buy a house because "what will I leave behind for my children?"

    There is also a saying that: renting is just a form of paying for the bond of someone else (which is used as another justification)
    Yea i felt the same way, in renting you will have lost more money in the end then with paying riba, but on the other hand riba is superharam so yea..
    يَٰٓأَيُّهَا ٱلنَّاسُ ٱعْبُدُوا۟ رَبَّكُمُ ٱلَّذِى خَلَقَكُمْ وَٱلَّذِينَ مِن قَبْلِكُمْ لَعَلَّكُمْ تَتَّقُونَ

    O mankind, worship your Lord, who created you and those before you, that you may become righteous

    Surah Al Baqarah ayah 21

  7. #46
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    Re: Riba' in housing

    The debate is whether all ribas are actually ribas because they are treated as such.

  8. #47
    اصبر aynina's Avatar
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    Re: Riba' in housing

    Quote Originally Posted by i.carrim View Post
    The debate is whether all ribas are actually ribas because they are treated as such.
    Wym, riba is tiba theres no way atound it... even insurance is a form of it and haram and we all do that one cus its obligatory
    يَٰٓأَيُّهَا ٱلنَّاسُ ٱعْبُدُوا۟ رَبَّكُمُ ٱلَّذِى خَلَقَكُمْ وَٱلَّذِينَ مِن قَبْلِكُمْ لَعَلَّكُمْ تَتَّقُونَ

    O mankind, worship your Lord, who created you and those before you, that you may become righteous

    Surah Al Baqarah ayah 21

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    Re: Riba' in housing

    Loans have taken very diverse uses and significance over time in terms of purpose and cost.Interest free loans and "riba " in housing are not strictly the same.

  10. #49
    Odan Abu julaybeeb's Avatar
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    Re: Riba' in housing

    If u can buy a house the halal way fair enough if u cant then rent simple

  11. #50
    I can change this now! Ikki's Avatar
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    Re: Riba' in housing

    People should own their own house and not be at the mercy of landlords, who can put you and family out, or put your rent up by whatever they like.

    Only people who rent are those that don't have responsiblities. No elderly parents that need modified accomodation, or kids that need space etc.

    I think tenents are just helping their landlord pay his mortgage. Makes no sense. You pay money your whole life, you land lord eventually has a free hold property. You pay your own mortgage your whole life you eventually have your own property.

    Lack of stability in living arrangements, poverty and not being able to accomodate your family in your tiny flat can also lead you to compromise on your dean.

    I'm worried we're going to end up with a generation of muslims who just move from house to house, paying their kuffar landlords rents.

  12. #51
    islamreligion.com eesa the kiwi's Avatar
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    Re: Riba' in housing

    Quote Originally Posted by Abu julaybeeb View Post
    If u can buy a house the halal way fair enough if u cant then rent simple
    Pretty much my thoughts
    It may not be easy, you may not understand it, but you need to have the Imaan to trust Allah when life doesn't make sense.
    "Whoever intends eternal happiness, then let him hold tight to the threshold of servitude.” ibn Taymiyyah.

  13. #52
    Odan imran1976's Avatar
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    Re: Riba' in housing

    Quote Originally Posted by aynina View Post


    If renting is riba' and buying is riba' isnt buying a house the lesser of 2 evils since u actually have something after 20-30 years whereas if u rent you throw away the amount of money which could have afforded you 2 houses if not 3 in a lifetime?

    I see many muslims live in poverty just bc they choose to rent a house for about 60 years and then end up with nothing to pass onto their children, they threw away at least 300.000 euros in a lifetime on rent

    Whereas when u pay intrest on a 150.000 euro loan its gna be only about 15.000 euros u throw away...

    Warning: Its a question not a fatwa

    Wa'alaikum As'salam,

    renting a house isn't Riba -- you are paying to the landlord for the use of his property.
    "Europe died in Bosnia and was buried in Syria. Bodies of innocent children washing ashore are the
    western civilization's tombstones"


    Rajab Tayyab Erdogan

  14. #53
    Odan ZeeshanParvez's Avatar
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    Re: Riba' in housing

    Is the question meant to be if renting involves Riba and buying involves Riba?

  15. #54
    Odan
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    Re: Riba' in housing

    with Islamic bank being so prevalent now, is riba really an issue any more when it comes to buying house. Alhamdulillah for it. the problem with renting is not just the money but you are at mercy of your landlord. There are so many rules renter has to follow from not making any modification to the house including not painting the walls or having ugly spills that will stain the carpet to your contract can be terminated any moment & you have to find a new place.

    My cousin stopped working after her husband came to USA & they were happy renting. She saw no problem in it, it was the perfect house for them, until the owner called one day and said he needs the house vacant because he wants his daughter to live there. He gave them few months to find another place but there is a shortage of rental place & in panic they choose an apartment she didn't like. After 6 month of looking she finally found another house she likes but its not in great neighborhood. But this is their 3rd move and they are expecting a new baby. who knows if the new house will workout for them or not. Had she continued working after her husband started working & saved up, they could have brought a house and wouldn't have to worry about contract termination. BTW the house in my area are cheap & many people buy house with cash & Islamic banking is available too.

    those who fantasize life in old country remember most of our parents had house. Rent is not an issue in old country, especially those in the village. Also I don't know anyone who buys house in west for purpose of leaving something behind for kids. That is not the mentality in USA because government will take everything when you get old & need lot of health care. People buy it so they don't have housing expense in retirement age. Coming up with rent money from social security income is very tight & relying on kids is not fair on the kids especially for those who have all girls. If you buy a house in your 30's and take 30 year to pay off, by the time you stop working the house will be free

  16. #55
    Odan
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    Re: Riba' in housing

    Quote Originally Posted by Ikki View Post
    People should own their own house and not be at the mercy of landlords, who can put you and family out, or put your rent up by whatever they like.

    Only people who rent are those that don't have responsiblities. No elderly parents that need modified accomodation, or kids that need space etc.

    I think tenents are just helping their landlord pay his mortgage. Makes no sense. You pay money your whole life, you land lord eventually has a free hold property. You pay your own mortgage your whole life you eventually have your own property.

    Lack of stability in living arrangements, poverty and not being able to accomodate your family in your tiny flat can also lead you to compromise on your dean.

    I'm worried we're going to end up with a generation of muslims who just move from house to house, paying their kuffar landlords rents.
    You make it sound as if owning a property is the easier way forward.
    Without any assets its pretty much impossible here in the UK to save up enough to buy a house cash on your average salary ....especially considering most Muslims earn below the average.
    I imagine it is the same case in much of the 'developed' world

 

 

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