Is it permissible for the bank to buy an apartment and sell it in installments, and then, if a portion of its price remains due from the buyer, for the bank to buy it from him with an increase in the amount?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is forbidden for the bank to sell a commodity by installments and then buy it back for less than its price. However, it is permissible if it buys it back for the same price or more, or if the commodity has changed in a way that diminishes its value.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/124933
- Source platform
- Ftawy
- Original fatwa ID
- 124933
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy