How to buy a House in the West without Interest (Riba)? - Dr Zakir Naik 

I'm from Sweden it's almost impossible to buy a house without riba. I'm young so I don't think about buying house yet but I will have to save for over 20 years to buy a good house. That's a lot of time but I think it's better with patience. Inshallah Allah will make it easy on us.

May Allah forgive us all and grant us all Jannatul-Firdaus. Ameen

Dr. Zakir Naik is a blessing of Allah for our Muslims. Alhamdulillah

May ALLAH protect us From Riba I invite everyone for beneficial reminders

I'm 18 and a hidden convert and i don't think it'll be possible for me to buy a house without interest. That to when I'll grow up I'll be working as a chartered accountant in a conventional bank because my hindu parents won't let me work in an islamic bank. Will be trouble. I'll have to get a house before they set my marriage with a Hindu girl. Please pray for me

I have been always impressed by Zakir Naik (may Allah reward him Jannat Al Firdouws), but here I disagree with his opinion in particular after doing a really long and deep research. The problem with Riba is way deeper and complicated. The reason why Riba is such a big sin, because it is technically a cancer of society. It causes housing prices going up, inflation and the worst part enslaving people. Historically US houses prices went up because of the mortgage. If nobody takes a mortgage and buy only with cash, this insane expensive housing system will never ever happen. That is how Shaytan plays with the economy. As a result, slavery system has been created, where home prices went up and hardworking people cannot afford buying a house with cash! And a Muslim has to go and take a mortgage and kind of support this haram slavery system. But for what? Just to have a house in this life? What about Akhirat? Where would you prefer to have a house, here or in Jannah??? As a Muslim we must not be a part of this haram system!!! And if you love Allah and follow all his rules you will never ever end up in the dead end. If you cannot afford a house in cash, then you need to think how to save money, how to make more money. Probably not buying iPhone every 2-3 years, not buying new premium cars, not going to restaurant every week, etc. Check how much time you spend every day on RU-vid or Facebook? How much time we waste spending on our phone or watching movies? Seek knowledge and ask Allah to multiply your Rizk and knowledge. If your dua is accepted, then nothing in this world will stop you. For Allah, what we are asking is EASY. But obviously we need to work hard. If you wake up every day for Fajr, and study nonstop from Fajr to 9 am, or if you don't have a job till 3pm, after 6-9 months you will notice the difference. You will be able to find a really good job! Don't think that I am rich. I am also in your shoes, living in America and wanting to buy a house and also wanted to go with Islamic Banking. But I changed my mind and decided to buy only with cash after doing research regarding Islamic banking. I buy only used cars, buy only used mobile phones, don't waste my money for unnecessary things and Alhamdulillah, after 12 years I am very close to buy a house with cash. Of course, not luxury big house, an average house, that needs to be remodeled, may be small backyard but it will be my house with no Riba!!! And I am not going to support this haram slavery system and not going to be a slave of this system. Imagine you take mortgage for 30 years. And, for 30 years you will be a slave of this system, being afraid to lose your job and will be supporting this haram slavery system, because of which many people cannot afford the house! May Allah guide and bless you!

Islamic banking here, either the price jacked up, or that interest converted into service charged, so it's like no point 😅

Barakallahu Feekum Dr. Naik.

*Today, the biggest problem in the economy is the Riba. But this world doesn't want to give up the riba.* *Where is the logic ? Saytan is playing with our economy and we are still sleeping. 😥😥* (You can come for watchingg heart touching and motivating islamic reminders ❤🕋☝️)

اللہ اپ کو لمبی عمر دے ذاکر نائیک بھائی

I invite you all to listen peaceful quran recitation with different translation 😊

Cost-plus (murabaha) is what islamic banks offer which is a contract based on simple interest. Its practically same or even expensive (in some countries) than conventional lending

Where do the so called "islamic" banks get their money from?! The monetary system is based on creating money from thin air and everyone pays riba over basically air. All islamic countries are dependent on central banks ,but Zaki Naik want us to believe that there are "islamic comunities" that do riba free loans.. Yeah right.......

He guided me whenever I listened.

Sir, How to buy house in Kerala, India without interest ?

We are subtitling their videos come

A great alternative is to go with seller financing. There are many motivated sellers who want to get rid of their houses. Look for a property in distressed condition and ask your realtor to find homes with a seller financing option, ideally with 0% interest. Trust me, they can find one for you. Don't negotiate on the listing price, and try to offer a higher-than-average down payment to secure the deal. I'm confident you can find sellers like that. Just give it a try!

Love And Dua from Pakistan🤲❤️

Come for beneficial reminders

Dr Zakir is a legend ❤

From my understanding rent to own isn't the same as mortgage or interests through the banks it's just paying rent as you would normally until you own the home you're staying in

Assalamualaikum Islamic bank buy home for us say for about 500000. After buying Islamic bank says now the price of the house is 1000000 which is calculated same as regular banks based on compound interest for 30 years .Now we have to buy from Islamic bank by paying monthly instalment and say some different words but they are taking interest. If Islamic then they should take same amount back whatever the market value is present, nothing upon that .

aslamu alaykom. im a teenager im 18 years old i lately discovered that riba is something haram.. i discussed this with my parents (we re a muslim family) and they said that a loan from a bank with interest is necessary to buy house and it better than paying rent every single month with risk of having to leave if the one that owns the building kick us out.. i mean what they said isnt wrong it s financially reasonable but something in me bothers so much just thinking about the idea that i have to do something haram (riba) to own a house and live comfortably i was kinda happy when i heard there islamic banks but when i did more research it turns out that it s not really halal so now im stuck .. does anyone have any idea im considering going abroad after finishing my studies work and pay rent there then quit after gaining a some of money that will multiply thanks to the difference between currencies and thus owning a house and realizing my dream of lazing arround does anyone have any other suggestion that is less difficult and doesnt require going abroad

Sir u a our role model for other muslims 👍🇵🇰

I invite all of you to come and listen the peaceful holy quran

May Allah forgive me. I avoid buying a house but I have a bank account which is in a RIBA based system. I work hard for my money but the company I work for uses money from a RIBA system to pay me. I stop working and sit at home, the government pay me through a RIBA based system. Why do sheikhs only focus on mortgages?

“Please read this comment sir. Please don’t skip, its important." Asalamualaikum Sir. Its your sister from Pakistan. I have been trying to look for the answer of this question for so long so please read my entire comment. Please tell me how am I supposed to ask you questions so that you make a video about it and my confusions are cleared. Hope you will see this comment and reply so that my questions about Islam are solved.

I came to Canada in 1992 now for the first time ever they introduced hallal option for home mortgages .But in those days homes where priced for 250000 now you cant but anything under a 1 000 000. who in the world is going to save that amount . Everything is expensive plus on all of it we have income taxes. which is about 38 cents on every dollar we make.

Love form Bangladesh.

If there is no Islamic bank and only riba based bank available what we should do?

I think another thing is because parents don't give their daughters their rightful inheritance the brother s and the wife's take it for themselves. This makes it very difficult for the sisters in the situation as they never get their rightful inheritance.

ماشااللہ

My father takes interest and our whole family is consuming it,so will I be a sinner too?

Assalamo Alaykum cheikh, may allah reward you for the benefit you are providing to the ouma. I just have a quick question please, I pay rent on my appartement but the amount of rent is revised each year based on the rent index in my country. Is this riba cheikh? Thank you for your help and barakalaho fik.

Assalamu alaykum wa rahmatullah wa barakatuh, Sheikh jaza’akallahu kheyr, I wanted to know how to submit questions to you?

Jazak Allah Dr. Zakir

There are no Muslims organisations, what can I do ? And I live in uk , I renting a house , this house owner he bought it via normal mortgage. Idk what I can do ?

Hello Dr zakir naik. May God bless you and your family you are my mentor may God give me more wisdom and understanding to be like u.and I wish one day you visit this country called Sierra Leone. My name is Sallieu fullah in Sierra Leone makeni

Jazakallah

I have a question for anyone that can answer. Is it haram if we bought something for 20$ but then sold it to someone else for 40$ for example

Coalition for construction workers. If this passes and the Canadian government allowes this we will drastically increase the cost of lumber and especially the labour cost to build a house, and the increase will only be for muslims only.

Sir, I heard a hadis that Rasul (sw) said, “if you are planting a tree and the Qiamat starts, still you finish the plantation “. is it right? Please clarify.

Come on mr Zakir. There are no Islamic banks in many countries. Don’t act as God to declare what is haram without knowing the actual conditions on the ground.

I miss you giving public talk

Asalam u Alekum Dr. Sahab it is very astonishing to hear from a person like you who study deeply before responding that there are islamic banks. Sir, all the banks world wide function based on Fractional Reserve banking system under which money is created out of nothing and advanced to earn money on such ficticiously but legally created money. Please advise as to how Fractional Reserve banking system can ever be islamic?

Sir I have a Question Plzzz Guide me *As you know that in this Situation of Pandemic I haven't prayed 8 Jummahs in a Row Bczz of Corona Fear. I feel so ashamed now Bczz Some people have told me that after missing 3rd Jummah I won't be a Muslim anymore* Im very Worried about my akhirat plzz guide me how can I comeback???

How do I ask a question for Dr. Zakir Naik

To ask question about my beloved religion is my right. So my question is to Mr. Zakir naik we are all bound by Quranic teachings to believe that do not say that shaheeds are dead. Then under what ground you can say that aj kay daur mein hum Muhammad (s.a.w) ko bhi zinda nahin keh saktay? Na oozo billah min zaalik. Hope you will answer this question.

Thanks brother ♥♥♥♥♥♥♥♥♥♥

Dr zakir Naik... salam Alaikam, I hope I will meet you in person one day and if not in jannah inshallah ., my question is that is CFD trading halal or Haram ? Thank you

Sorry to say, I work in the banking industry and there is no such thing called Islamic banking and halal mortgage. Islamic mortgage is just a game of twisted names, terms & conditions and they are coming up different names of interest based mortgage. Also, Islamic banks will rip you off on the name of Islamic mortgage. Sorry, but it's a fact!

I'm from Bangladesh

Mostly its same thing just change of words and meanings at the end if I buy a house for 100000 and islamic bank gave me loan for 100000 and I have to pay back in 30 years my monthly payment should be 277 so I pay no interest nothing 1000% halal understandable but they tell u we give u loan for 100000 but u pay 200000 and we make installment for 30 years and i pay 555 every month so what is that they say we did business with u and conventional bank do same thing business 100000 loan u pay 5 % interest + principal u pay same or may be less if u pay off ur property before 30 years but in Islamic u have to pay back 200000 even u pay in two years so which one is better or more sensible

Salam, My question is most of the Islamic banks have penalty charges of late payment even in ijara system, what does sharia says about this?

Thank you sheikh

It’s the same things there isn’t anything call Islamic bank both are same thing they also take same amount

The answer is you can't. That's it, conventional or Islamic loan the outcome it still u need to pay more than u take. What funny is the syariah compliance loan charge more than the conventional loan.

Dr. zakir, Can you please explain the theory of evolution and its compatibility with Islam? From Pakistan

Islamic banking how i understand of it they don't stipulate interest on your contract so basically on your part it seems that , even though they themselves our most likely dealing with interest Unless they purely invest = profits to survive

Unfortunately even the so called Islamic loans are not sharia compliant. Some are advantageous where if you decide to pay off the house they would go back to the market and see what the value of the house is and make you pay the difference.

How can we ask questions from Dr Naik??

My next question is that according to ahadith, we should say (s.a.w) when the holy name of our prophet comes but why you didn’t did this in your so many previous speeches?

Funny that when interest rates go up , islamic bank loan payments go up as well..

Dr Zakir do you mean without paying taxes for the house the government keeps taking too much money over $40.000 that can buy me another car interest sounds different it’s ehen you buy something the bank charges extra money for not paying off the entire bill.

Anyone know organisations that help you buy a house in the uk please comment as it will help me a lot Jazakallah

I live in uk , I want to buy house halal way , please help me , where I can find this bank.

Dr sahab! Please tell about bank loans in Pakistan, is it halal or haraam? Is there any conditions for loans in our country? I hope i get an answer

Can you please give me some or all daleels with accurate translation without tafseer which indicates that giving sood is haram thanks waiting for your reply I want all rewayates ans quani ayats which relates to this matter thanks

When does it start?

Salams! Isn’t the Quran condemns the person taking Riba, not the person giving? The ruling with alcohol is clearly mentioned that anyone involved anything with alcohol is haram. Is there such ruling for Riba like for alcohol? Please explain. While living in a rented property, if any misfortune happens to the person who earns and can’t pay the rent, they will be left with no place to live. Isn’t the house a necessity? Islam has allowed to eat haram when there is a necessity. Ofcourse there are halal banks in Europe. But buying a house in halal banks is more difficult than conventional banks.

Sir i am a student of chartered accountancy (CA). Sir i am confused about the salary earned by chartered accountants. We are hired for the audit of big companies. Most companies have interest involved in their various transactions. We have to deal with interest almost wherever we work whether its banking sector, company or any industry. Is that fair to audit these as their all dealing and transactions involve interest element. I really want to know its answer because i am really depressed upon this. In this era it has become very difficult to find a job where interest is not involved. So what should be done in this regard. Please guide me about this because i read that in islam there are strict prohibitions about interest.

nice video bro

I would like to know about Mudarabah. is it Halal?

People say Islamic banks are also giving house with triple cost, and it’s a back door riba :( I want to buy house in UK and my husband is against it due to mortgage, he says Islamic banks are also doing same. What’s the solution

I dont get it, all those loans Islamic or not will be making a profit it seems? or do the halal one lend 100 dollars and in 10 years time will receive the same 100 dollars? or will they just pay inflation? if only pay inflation, how can one calculate that?

Salam alaikum dr, my name is musa and I am Sudanese and expat in ksa, 19 years old .There is a daee by the name of wasem yousif. I do watch some of his videos, people ask him questions and then he gives the reply. The main question is that I find some scholars who are against him, they try to shut, attack and ban him. If you know him and watched his videos, are you with or against him?

Assalamualaikum I have a question If I want to buy house in Canada if the lender is providing me mortgage it is halal if I take it from Islamic banking halal mortgage it is halal or haram

I always follow you

And if there aren't any islamic alternatives? Should we continue to rent houses from people who most likely are benifitting from muslims who rent, while part of the rent is used to pay of their the owners mortgages and interests. This is the core method and definition on how the rich gets richer and poor gets poorer. If I was to buy the house myself i would eventually own it. The installment would upon selling be returned to me, while if the house was rented. I would never be able to have any gain.

i'm agree with yous, syeikh zakir naik. Using Islamic banking maybe one of any solution to but a house

Amazing 👌

Assalamualaikum dr zakir naik Alam from India love you billion times Allah bless you as well as me

I have tremendous respect for Dr Zakir Naik, may Allah bless him. But I disagree with his opinion on this matter. I live in the UK and see the issues and frustrations when it comes to buying a property to live in. The only difference between mortgages from non-Islamic banks and mortgages from so called Islamic banks in the West is that non-Islamic banks deal with riba through the front door and so called Islamic banks deal with riba through the back door. Also in almost all cases the mortgages via the so called Islamic banks work out to be more expensive than non-Islamic banks. There is also a bigger deposit required for the so called Islamic mortgage, which puts itself out of the majority's reach. Islam forbids usuary, this is what the Qur'an warns against. Today's riba is only one of the forms of usuary. And there is also a difference between taking and paying riba. And then there is also the policy of exceptions in Islam. Let's not forget the spirit of Islam and get too bogged down on labels.

Can you suggest me an islamic loan facility in uae ..the one without interest

@zakir Naik, honestly all the Islamic banks are doing the same nonsense which all the other conventional banks are doing which is using interest riba. With this being said, how do you avoid this system. No matter where you go it's the same nonsense

As Salam walekum Dr Naik. I am from India ,everything in India is related to interest ,whether health insurance or putting money in Bank. please let me know what to do or How to secure future without insurance or fixed deposit.????

Assalamu alaikum Ustadz...🙏🙏🙏

(Cost + service charge)/number of instalments is nothing other than higher purchase which is also nothing other than what we call flat interest rate loan. Now if the number of instalment = 1, the entire transaction becomes a conventional fixed deposit! To confuse fools like me, you then throw in an object such as a car or a house in between lending and borrowing to make it “halal”. I think something very important is missing here - the spirit of the law. Sharia without the spirit is just like an empty vessel, nothing more.

It rhymes smoothly tho

How do the Islamic loans works. Do you pay back more money than you get? If so it's still riba even if its called something different.

I cannot see your all your video in your channel is there any issue

How can we ask a question

How Ijarah is different than Interest? I've investigated and found both almost same (principally). Ijarah is the RENTAL INCOME you pay to the bank. Also, Islamic banks charge much higher rate than conventional banks. e.g. Commbank in Australia offering = 1.99% for 2 years and then 3.31% An Islamic institution offering = 3.68% Also, if you try to save money to buy property on cash, it's nearly impossible unless you earn million dollar a year. Because the capital growth of properties are 20x higher than your average income. You WOULD NEVER BE ABLE TO SAVE MONEY TO BUY HOME IN CASH in your lifetime, practically speaking. P.S. also why would any bank or financial institute would allow you to take loan without paying them money on top (interest) whats their benefit? It doesn’t make sense how this is even possible to operate RIBA FREE in this world.

is there any bank in uk

We know riba is forbidden but we still trying to convince our scholars. These is nothing to call Islamic bank that gives you money without interest or riba. The house you buy from Muslim house associations is more expensive than the one you buy from bank. Muslim associations are working with bank. I live in USA and want to buy house but they can't sell the house to you on stable price. In one way Islamic house associations are worst thank bank. Be honest with ourselves and truthfully for the day of judgment.

excuse me, one person, tell me a mortgage Hiram or Halal, because I can’t understand English well? lcant understand.Dr zakir

Straight facts

Assalamualaikum sir, I made mistake by buying loan with riba, how to come out of it. Or if any possible banks available in chennai ?

it's not very important to buy a house. just live on rent..we are travelers in this world.

I don’t believe Dr Niak has a good understanding of UK and US banks. All banks in both countries borrowed from the same sources and pay the interest. All Islamic banks loan calculations are based on interest.