Back to search
The question

Is it permissible to purchase a house in installments from an institution that claims to operate according to Islamic Sharia, with an added profit, while its capital originates from an interest-based institution?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible for the entity to sell the house after acquiring ownership of it and it coming under its guarantee, then selling it in installments with a profit, because "time has a share in the price." It does not affect the transaction that the institution is a branch of an interest-based bank, as long as it adheres to the provisions of Islamic law.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
132025
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy