The Ruling on Selling Land to a Bank and Leasing It with an Option to Purchase
Machine translationRead the Arabic original
The Shaykh:
May Allah keep you safe.
The questioner:
I have a piece of land with a title deed, and there is a system at the bank where they buy it from me and I rent it from them under a lease that ends in ownership, so that I can build a house on it. Is this included in what is forbidden, or is there something wrong with it?
The Shaykh:
This is not permissible. This is not permissible. The sale is not permissible, and a lease that ends in ownership is not permissible. However, you may sell it to the bank or to anyone else if it is in your ownership and possession. You may sell it to the bank or to others through a definitive sale for a cash price, a deferred price, or an installment price. There is nothing wrong with that. Yes.
May Allah keep you safe.
The questioner:
I have a piece of land with a title deed, and there is a system at the bank where they buy it from me and I rent it from them under a lease that ends in ownership, so that I can build a house on it. Is this included in what is forbidden, or is there something wrong with it?
The Shaykh:
This is not permissible. This is not permissible. The sale is not permissible, and a lease that ends in ownership is not permissible. However, you may sell it to the bank or to anyone else if it is in your ownership and possession. You may sell it to the bank or to others through a definitive sale for a cash price, a deferred price, or an installment price. There is nothing wrong with that. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (103) لمعالي الشيخ صالح الفوزان بتاريخ [1436-10-24] - كبار العلماء — youtube.com (18:05)
The Arabic text is a machine transcription of the audio recording.