How is it that mortgages can be declared halal?
Aug 07, 2021
Assalaamu alaikum. Jazakallahu khair. Video is enlightening about the Riba issue. However, by entering into a mortgage, is the Muslim committing the sin of gambling? In all mortgages, the bank repossesses the home if the person fails to keep up repayments. Therefore, all previous mortgage payments are kept by the bank as well as the house.