Is it permissible to purchase an apartment if the bank pays the owner directly and stipulates interest in case of late payment, knowing that the buyer will adhere to the installment payment schedule and will not be charged interest?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to conclude the contract in the aforementioned manner due to the condition of usury (riba) embedded within it for delayed payment. A contract that includes and affirms the principle of usury is impermissible to conclude or complete. Rather, it must be annulled and one must repent from it if it has already taken place.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52469
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 52469
- 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