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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/38430
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.
- Read the full ruling
- Read the full answer on Ftawy