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The question

Is a client's dealing with a bank to finance the purchase of an apartment via a check or bank transfer directly to the property owner considered usury, especially given the client's inability to delay payment of the due installment?

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

An interest-based loan (riba) is forbidden, and it is not permissible to engage in it except out of necessity. Necessity is defined as a state of extreme danger or hardship that results in harm to oneself or one's property. This does not apply to purchasing a house or a car. One can seek out -compliant alternatives, such as Tawarruq with Islamic banks. And whoever fears Allah, He will make his matter easy and provide for him from sources he never anticipated.

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
117635
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