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Question ID: 31291
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assalaamu-alaikum, allah’s(swt) peace and blessing upon our holy prophet.
Myself and a friend have a house valued @ R1 million, there is currently no monies owing on the house. is it permissible to take out a bond on the house and invest into a profit sharing account and use the profit to pay back the bond?
My feeling is that it would be better to sell the house than bond it.
Shukran for your assistance

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Asked on November 16, 2012 6:09 pm
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No. Do not get involved in a bond. Interest will destroy you. You will loose the house.
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Answered on November 16, 2012 6:09 pm
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This sort of relationship and arrangement is totally un-Islaamic. Stop. Terminate. In our country (S.A) for a female to go to co-edu college/university is against the text and spirit of Islaam.
Moreover it is the responsibility of the husband to be the bread winner not the wife.
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Answered on November 16, 2012 6:09 pm