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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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 Ftawyhttps://ftawy.com/en/questions/34988
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