Is the transaction mentioned in the attached contract, which stipulates the bank's purchase of the property from a first party and its subsequent sale to another party (the final buyer) with the price paid in installments, considered permissible under Islamic law?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There appears to be no -related prohibition in the mentioned contract clauses; this is because the bank first purchases the property for itself, and then, after taking possession of it, sells it to the third party who ordered the purchase. If this is indeed the case, then there is no objection to the transaction. One can refer to the Sharia board of the bank or trusted scholars for clarification in case of doubt.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/153193
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 153193
- 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