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The question

Is it permissible for me to purchase a larger apartment through real estate financing from the bank where I work, at a simple rate of return?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Detailed discussions regarding common forms of real estate financing, including financing through interest-bearing loans, which is forbidden due to the prohibition of usurious borrowing, have been previously addressed in No. 102554.

Among the permissible forms of real estate financing are Murabaha and parallel Istisna' financing, as explained in Fatwa No. 46261.

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Where this answer came from
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Ftawy
Original fatwa ID
148970
Imported
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