Is buying a house through the bank by the bank selling it to me and then me buying it back from the bank in installments with interest for a period of 30 years, halal or haram?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the bank buys the house from its owner and then sells it to you in installments, and does not stipulate an increase in case of late payment, then the transaction is permissible. It does not matter that you were the one who directed the bank to the house, or that the deferred price is higher than the cash price. The house becomes your property from the time of the contract, and the bank has the right to prevent you from selling it before full payment of the price if this was stipulated in the contract.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34936
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34936
- 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