Is interest haram if you live in the West ??

[mrdegdeg]

Taking out loans, mortgages or getting any sort of interest is haram but is there not a argument for it to be halal in a way if you live in the West. Doesn't the Quran not mention that we should abide by the laws of the land you live in ? I'm currently £20 000 in debt and I cant live interest free life .. I live of credit cards, overdraft limits, loans and in the future I am planning to buy a house with a mortgage. Islamically its hard to live this kind of life as there are not many places to turn to as the financial system is all based on interest in some way. Even the Islamic mortgage is just a regular mortgage with the interest in it disguised.

Most my family know I take out loans and live this borrowed money life but this is the only way you can sustain in the western world. I know the haram part of interest is the person borrowing the money to you is taking profit for not doing anything. But in this day the system is designed for that exact reason, if you need money fast you wouldnt mind borrowing and paying back that plus a tiny percentage on top of it.

The problem is some people might not be able to pay it off and there lives can become hell just because of that but a majority of people do. I have a stable job and know the amount I will make to pay of my debts but even if I don't I still will have something to fall back on. My family are saying what I am doing is haram and I should follow the deen but I've noticed most the people who say this stuff dont have jobs and live in council houses and rely on welfare system. Is that not haram as well when somebody could easily work but would rather take advantage of a system set-up for when you are out of work. We need to accept the fact that you cant really be successful unless you use this system somehow ..

[STARKAST]

Use this :http://islamqa.info/en/
Then go to your imam.

[mrdegdeg]

Use this :http://islamqa.info/en/
Then go to your imam.

I wanted to know what Somalis taught in general .. I know what a imam will say. I wont stop as I have already deeply embedded myself into this system. What other alternative do I have but to continue on .. BTW can I ask if you live in a council house or not ???

[mrdegdeg]

Use this :http://islamqa.info/en/
Then go to your imam.

I wanted to know what Somalis taught in general .. I know what a imam will say. I cant stop .. as I have already deeply embedded myself into this system. What other alternative do I have but to continue on .. BTW can I ask if you live in a council house or not ???

[STARKAST]

Pay it all off, then live in your means.
Don't trust Somalis at all, they are hypocrites.
I live in the Shard.

If you want a mortgage go consult a Sheik for advice.

[thehappyone]

The imam you consult probably lives in a council house, illegally lives with his wife, claims disability benefits and pockets charity money but will still tell you interest is haram.

In my opinion, if you can get a mortgage, do it. By getting a mortgage you will commit alot less sins, pretending your not at home when a white person knocks, your wife lying to the council when you lose your fobkeys, illegally avoiding paying council tax, not declaring when your on a long holiday etc etc.

Just get a mortgage and provide a sin free future for your kids. I'm thinking of using 'right to buy scheme' to purchase my mums flat, she's been living in it for a long long time so she will get a huge discount, up to 60%, but convincing her of getting a mortgage will be a job for tom cruise. The way I see it interest is haram on the person that charges it, not the person that pays it, how am I sinning when I'm trying to provide stable future for my fam.

p.s. abiding by the laws of the land doesnt apply here, the law isn't forcing you to take out a loan, you can easily rent a house, but your future is bleak

[thehappyone]

double post