Is it permissible for a person who works far from his residence, at a distance exceeding 50 km, to purchase a home through the bank with interest, knowing that he pays a similar or greater amount in rent?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the bank buys the house and sells it in installments for more than it paid, that is permissible. However, if it gives you a sum of money for you to buy the house, and then you pay it back in installments with an added interest, that is usury and is not permissible.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 30461
- Imported
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