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The question

What is the ruling of Islamic law on buying a house at a low price from a person, on condition that the owner resides in it and the buyer pays a monthly rent for the seller's lifetime, and the buyer does not benefit from the house until after the seller's death?

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

For a sale to be valid, the price must be known. Here, the price is unknown because it includes three things: an upfront payment of 19,000, monthly installments of 400 until death, and the benefit of housing until death. This leads to (excessive uncertainty) and jahalah (ignorance), both of which are forbidden in . Determining and knowing the price is a condition for the validity of a sale.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
117087
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.
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Read the full answer on Ftawy