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The question

Is it permissible or impermissible to buy a house in installments with interest from the Arab Real Estate Bank, which owns part of the property before purchase, knowing that this is the only available method to buy a house and there is no other housing?

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

If the bank is authorized by the company to sell, whether immediately or deferred, there is no objection to purchasing the property through it, provided that it adheres to শরী'ah guidelines and does not involve any prohibited شرعی matters, such as stipulating an increase in case of delayed payment. However, if the bank is not authorized, purchasing is not permissible unless the bank fully owns the property before selling it to the buyer, while observing the شرعی conditions and guidelines.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
38160
Imported
Translation status
Source text, unreviewed
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