Back to search
The question

Is it permissible to purchase a house by paying 20,0 Euros upfront and then 150,0 Euros to the bank in monthly installments?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

It is not permissible to buy a house in installments through usurious banks, because the bank does not actually buy the house nor does it come under its guarantee; rather, it is a usurious loan. It is not permissible to undertake this except out of dire necessity that cannot be averted otherwise. And whoever can afford housing rent is not considered to be in dire necessity.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
64318
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
Read the full ruling
Read the full answer on Ftawy