Is real estate financing permissible through Arab Bank if the bank purchases the property then leases it to me with a promise of lease, and transfers ownership to me after twenty years, in exchange for an annual interest rate of 4.75%?

It is permissible to direct the bank to a building for it to purchase and then sell to you in installments or rent it out, provided that the bank owns it completely before selling or renting. The bank is allowed to increase the price. A lease-to-own contract is permissible, provided that the lease contract is a genuine one, with the warranty and maintenance being the responsibility of the bank. It is also permissible for the lease contract to be accompanied by a gift conditioned upon the full payment of the rent, through a separate contract. However, if the bank stipulates that the warranty and maintenance are the responsibility of the lessee, then the contract is void. It is permissible for the bank to take an advance payment that is deducted from the rent, but it is not permissible to seize it if the lessee does not complete the term; rather, the remainder should be returned to him after deducting the rent for the consumed period.