A bank offered to give us a commodity, and then we return this amount every month

Question:
I ask Allah to do you good, may He bless you, and may He make Islam and the Muslims benefit from you. This questioner says: A bank offered to give us a commodity, which is rice or other goods, by taking a quantity of rice from them for a certain amount, and then returning this amount monthly over a year or more, with an increase of four point seven percent of the value of this commodity each year. We actually wanted to see this commodity, and they said, if you want to take it, you may, and if you want us to sell it to you, we will do so. Does this count as an installment sale as they explained to us, or is there riba (usury or interest) in this matter?

Answer:
There is no riba in this, if the commodity is owned by them and you bought it from them for a deferred price, in one installment or multiple installments, for more than the spot price, there is no harm. This is buying and selling, , this is a sale. The Prophet (peace and blessings be upon him) bought on credit; he would borrow from the camels of the zakat, one camel for two camels.
Increasing the price due to the deferral is not prohibited; the Messenger (peace and blessings be upon him) did this.
The result is that if the goods are present with them, you buy them, take possession of them, move them from their place, sell them in another place, and benefit from their price, and then when the term arrives, you pay the bank, there is no harm in that. This is a valid transaction and not riba. Yes.