What is the ruling on a company purchasing a property with a 10% down payment (earnest money) from the customer, on the condition that the property will be registered in the customer’s name if they pay within two years, and remain in the company’s name if the payment period exceeds two years?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to the company purchasing the requested property. If it purchases it and takes possession by vacating it, it is permissible for the company to sell it to whoever desires. It is not permissible to sell it before that, nor to take a down payment. Rather, the sale must be completed after the company purchases the property and takes possession of it by vacating it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19163
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- Original fatwa ID
- 19163
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