Is it permissible to complete the purchase of an apartment and pay the maintenance deposit if the company invests this deposit in banks, government bonds, and treasury bills, knowing that the deposit money belongs to the residents and its returns are used for maintenance, and that if the purchase is not completed, a percentage of the apartment's price will be deducted?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the deposit is in an Islamic bank that observes the rulings of , then there is no problem with it. However, if it is in a usurious bank and this cannot be changed, then it is advisable to cancel the contract, even if it incurs a financial penalty, out of fear of aiding usury. The need for housing can be met by a rented dwelling.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/168864
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- Ftawy
- Original fatwa ID
- 168864
- 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