What is the ruling on purchasing a house through the aforementioned banks with fixed interest, knowing that the company will pay 70% of the interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to purchase a house through a bank if the bank owns the house before selling it to the employee by way of Murabaha (at a higher, installment-based price). And if the company contributes 70% of the bank's profit. There is no harm in transferring the salary to the bank (even if it is interest-based) as a means of safeguarding the bank's right, and the remainder of the salary should be withdrawn immediately after the installment is deducted.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17772
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 17772
- 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