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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/124933
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 124933
- 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