mortgage deposit Fatwa Cover

Whether the practice of mortgage is permissible in Bangladesh 4452154828

Monthly Al Kawthar•mortgage deposit•

Question

Muhtaram! Is it permissible to mortgage land in our country? The method is that a person mortgages a certain amount of land from someone in exchange for a certain amount of money. There is usually no mention of how many years the mortgage is taken. The moneylenders continue to enjoy the land. Thus two or four years go by. The land owner then returned the original money to the payer. Is this method not permissible? Would it be permissible for the payer to make a condition that 500/1000 rupees or 5% or 10% of the money be deducted from his money every year? The matter seems complicated. What is its provision from the point of view of Shariah if we say a little detail? Bail? Mortgage? What? It is beneficial to say a little openly. 2227952247

Answer

- حامداومصلياومسلما، بسم الله الرحمن الرحيم -

The questionable method of mortgaging land with a loan is not permissible. Because it is completely illegal to benefit from a mortgage in exchange for a loan. In Musannaf, there is a narration from Abdur Razzaq, Ibn Sirin rah. He said, 'A man came to' Abdullah ibn Mas'ud and said, 'A man has mortgaged a horse to me, so I rode on it.' Abdullah bin Masood. Said- مَا أَصَبْتَ مِنْ ظَهْرِهَا فَهُوَ رِبًا. The amount you have ridden on that horse has been of interest. (Musannafe Abdur Razzaq, Narration 15061) And even if you deduct 500/1000 rupees per year from the loan money, it will not be permissible. This is because his enjoyment of the mortgage with a nominal rent is just a ploy. Everyone knows that if the landlord had not been given a loan, he would not have paid the rent at such a low price. And the money that is given in that transaction is tax. Not a deposit. And the mortgage is taken to get that tax. 5321463564

- والله اعلم باالصواب -

* This Fatwa was translated by Google Translate.
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Source

  • বাদায়েউস সানায়ে, Part: 5, Page: 212
  • হাশিয়াতুত তাহতাবী আলাদ্দুর, Part: 4, Page: 236
  • রদ্দুল মুহতার, Part: 6, Page: 482

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