Is it permissible to purchase a residential apartment through a real estate bank with interest, knowing there is an urgent need for housing and no alternative?
It is not permissible to purchase an apartment under a condition that stipulates usury in case of inability to pay the installments, because the contract is invalid due to its violation of . If one cannot find any other way to acquire a dwelling, then it is not permissible for him to own it in this manner as long as he can rent without hardship. However, if he cannot afford to rent due to low income, and purchasing is easier, but he cannot do so through a lawful method, then this falls under the category of necessity that permits the forbidden, as Allah Almighty says: "But whoever is forced [by necessity], neither desiring [it] nor transgressing [its limit], there is no sin upon him," and "And He has detailed for you what He has forbidden you, except what you are compelled to [eat or use]."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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Where this answer came from
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- Ftawy
- Original fatwa ID
- 70152
- 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