Back to search
The question

Is buying an apartment in installments from an owner, when it becomes clear that it is mortgaged to the bank until the owning company repays the loan, valid or suspicious, knowing that the purchase is for investment and not out of necessity?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

What has been mentioned does not entail the prohibition of buying the apartment. As long as you will buy it for a known price and within a known term, there is no sin upon you in buying it. The sin of usury rests upon the owner who contracted and dealt with the bank in that manner.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
188409
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