Is it permissible to purchase a residence from a fund in installments, with a 20% down payment, and pay the remaining balance with a 7.75% increase over 30 years in variable installments subject to increase or decrease according to the fund's policy?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Selling by installments is permissible under conditions, including that the installment and the term are known. What you mentioned about increasing or decreasing installments leads to an unknown amount for the installment and the term. Therefore, it is not permissible for you to buy the house in this way.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/48635
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 48635
- 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