What are the legitimate Islamic conditions for real estate financing in Egypt, what are the prohibitions that must be avoided throughout all stages of the process, and are interest, late payment penalties, and life insurance considered prohibitions?

Real estate financing has multiple forms: some are forbidden, such as financing through usurious loans, and some are permissible if they adhere to Sharia guidelines. Among these permissible forms are: financing through deferred sale or installment sale, financing through Murabaha for the one who commands the purchase, and financing through Istisna’ and parallel Istisna’. Therefore, if real estate financing is carried out through one of the permissible forms according to Sharia guidelines, free from usury and the condition of commercial insurance, then purchasing apartments through it is permissible.