Back to search
The question

What is the ruling on buying an apartment from a bank by installments, where the bank first buys the apartment and then sells it by installments at a higher price, and it remains registered in the bank's name until the full amount is paid?

Share this answer

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

This transaction is permissible; it is a form of Murabaha sale. There is no harm in the apartment remaining registered in the bank's name, as this falls under the category of mortgaging the sold item with the seller to secure his right, and the apartment is, in reality, owned by the buyer.

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
34988
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