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The question

Is purchasing an apartment with a down payment and the remainder of the price paid in installments with a known annual interest, despite the buyer's unwillingness due to the seller not accepting the full amount, considered explicit usury, and what is its ruling?

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

There is no harm in purchasing an apartment in installments directly from the seller at a higher price than its cash price due to the deferred payment, whether a portion of the price is paid or not. However, if the purchase is made through a bank or an institution that finances the purchase and defers the amount with an increase, then this increase is usurious and forbidden by scholarly consensus.

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
38430
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