Grace and Truth
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The Sharia of Muhammad in the KORAN
Conduct 15 - Mortgages (quruud)
Sura al-Baqara 2:245 (Malik) - Zakat (Religious Taxes)
2:245 Who is he that will lend unto God on good usury? Verily he will double it unto him manifold; for God contracteth and extendeth [his hand] as he pleaseth, and to him shall ye return.
Sura al-Baqara 2:282 (Hanb) - Wasaya (Wills)
2:282 O true believers, when ye bind yourselves one to the other in a debt for a certain time, write it down; and let a writer write between you according to justice, and let not the writer refuse writing according to what God hath taught him; but let him write, and let him who oweth the debt dictate, and let him fear God his Lord, and not diminish ought thereof. But if he who oweth the debt be foolish, or weak, or be not able to dictate himself, let his agent dictate according to equity; and call to witness two witnesses of your [neighbouring] men; but if there be not two men, [let there be] a man and two women of those whom ye shall choose for witnesses: If one of those [women] should mistake, the other of them will cause her to recollect. And the witnesses shall not refuse, whensoever they shall be called. And disdain not to write it down, be it a large [debt], or be it a small one, until its time [of payment]: This will be more just in the sight of God, and more right for bearing witness, and more easy, that ye may not doubt. But if it be a present bargain which ye transact between your selves, it shall be no crime in you, if ye write it not down. And take witnesses when ye sell one to the other, and let no harm be done to the writer, nor to the witness; [which] if ye do, it will surely be injustice in you: And fear God, and God will instruct you, for God knoweth all things.
Sura al-Baqara 2:283 (Hanf+Shaf+Hanb) - Shahada (Confession)
2:283 And if ye be on a journey, and find no writer, [let] pledges be taken: But if one of you trust the other, let him who is trusted return what he is trusted with, and fear God his Lord. And conceal not the testimony, for he who concealeth it, hath surely a wicked heart: God knoweth that which ye do.
Sura al-Hadid 57:11 (Malik) - Qurud (Mortgaging)
57:11 And if ye be on a journey, and find no writer, [let] pledges be taken: But if one of you trust the other, let him who is trusted return what he is trusted with, and fear God his Lord. And conceal not the testimony, for he who concealeth it, hath surely a wicked heart: God knoweth that which ye do.