Is it permissible to adopt the fatwa of a scholar who had previously prohibited usurious transactions in an Islamic bank due to the presence of commercial insurance and late payment penalties, then later permitted them after replacing the commercial insurance with Takaful insurance and introducing the sale of the house upon delayed payment?

There is no harm in this transaction as long as the bank has retracted the two forbidden conditions (commercial insurance and late payment penalty) and replaced them with what is Islamically permissible. Thus, it substituted commercial insurance with Takaful (Islamic cooperative insurance) and the late payment penalty with a pledge of the sold item. This latter point is acceptable to Imam Ahmad and the Islamic Fiqh Academy.