Question: Is a mortgage with interest (even low interest like 1%) permissible If it is not possible to purchase a house with cash? Or must a believer keep renting and hope that one day they can buy in cash (even housing market keeps going up and making that seem less real)?
Answer: Mortgage is not permissible and it is Haram (forbidden), and if you believed that Allah swt is the One who sustains and that He is the Compassionate and the Intensely Merciful, you would have not said that and you would have had two houses instead of one. I ask Allah to sustain you and make you well in your religion and in your world and in your hereafter, verily, He is the All-Hearing, All-Knowing.
– Ahmed Al-Hassan / Shawwal 1436

Answer: Mortgage is not permissible and it is Haram (forbidden), and if you believed that Allah swt is the One who sustains and that He is the Compassionate and the Intensely Merciful, you would have not said that and you would have had two houses instead of one. I ask Allah to sustain you and make you well in your religion and in your world and in your hereafter, verily, He is the All-Hearing, All-Knowing.
– Ahmed Al-Hassan / Shawwal 1436