HOUSE LOAN AS OFFERED BY BANK ISLAMI & MEEZAN BANK ON RIBA CONCEPT IS ALLOWED OR OTHERWISE

[M. IRFAN SIDDIQUI]

Assalam O Alaikum I have intend to borrow a loan for purchasing of house. For the purpose I have approached different banks including Bank Islami & Meezan Bank. These two banks have claimed that they are providing a house loan on Islamic Riba basis rather then to interest (sood). 

Request provide guidance in this regard that the loan as they claimed as actual on islamic point of view (without interest) or otherwise.  

I shall remain thankful to you for this guidance.

JAZAK ALLAH

MUHAMMAD IRFAN SIDDIQUI

[محمد حسن عطاری]

Salam

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Edited 28 اکتوبر 2021 by محمد حسن عطاری