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The question

Is it permissible or impermissible to buy a house in installments with interest from the Arab Real Estate Bank, which owns part of the property before purchase, knowing that this is the only available method to buy a house and there is no other housing?

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

If the bank is authorized by the company to sell, whether immediately or deferred, there is no objection to purchasing the property through it, provided that it adheres to শরী'ah guidelines and does not involve any prohibited شرعی matters, such as stipulating an increase in case of delayed payment. However, if the bank is not authorized, purchasing is not permissible unless the bank fully owns the property before selling it to the buyer, while observing the شرعی conditions and guidelines.

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
38160
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