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Fatwa CenterTaking interest bearing loan to buy house
Question
First I would like to say that I have no intention to buy a house, but many people say that taking a loan from banks and paying interest for buying a house in occidental countries when the house is not for commercial purpose is allowed. Can you please clarify this for me? wa jazaqumu ALLAHU khairan WASSALAMU ALAIKUM
Answer
All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad 
is His slave and Messenger.
Riba (interest and/or usury) is forbidden by the text of the Quran; Allah Says (what means): {But Allah has permitted trade and has forbidden interest.} [Quran 2:275]
Moreover, Allah declared war against the people who did not repent from dealing with Riba. There are no details in usury whether or not it is for a necessity, so in principle, if it is confirmed that there is Riba in the money, it is not permissible to take it whether it is for a house or else. It is also known that whoever resorts to this dealing, he would be in necessity, but Allah did not forgive [or excuse] the person who is in necessity. Therefore, one should avoid this abominable transaction.
Allah knows best.
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