Is it permissible for a non-Islamic bank to purchase medical equipment and sell it by installment with a price increase over its original value?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to deal with usurious banks except out of necessity or pressing need. Selling by installment has two permissible forms: The first is that the commodity is owned by the seller (the bank) and is in its possession, so it sells it to the buyer for a known price that is not subject to increase. The second is that the buyer requests the bank to purchase a commodity from a third party, and then the buyer purchases it from the bank after the bank has acquired ownership of it and it is under its guarantee, for a known price that is not subject to increase if payment is delayed.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/97295
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 97295
- 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