Question & AnswerAsk your question
Sell the loan to another person
Date 23 May 2019 & Clock 17:42
Question 14: We have deposited our money in a mortgage bank and now the bank is going to give us a house loan but at present we cannot buy a house. The question is that, can we sell the loan to another person for the current price? Is the interest (mark up) given by the bank halal?
Answer 14: According to Islamic law, it is permissible for you to give your right of taking loan to another person and take money in exchange for it.