Buying a house on installment through banks

Question:
He says: Honorable Shaykh, may Allah grant you success. What is your opinion on buying a house on installment through local banks that have a legal fatwa from the regulatory authority permitting such transactions?

Answer:
If the bank or another party owns the house before you buy it from them, and it is in their possession and you buy it from them, there is no harm in that, because they are selling something they own. However, if the bank or any other party does not have the house or the item you want, and only after you agree with them do they go to buy it, or they take you to the showrooms or the houses, or you choose it and then they give you the price, this is not permissible. This is selling what they do not own, so it is not permissible. The Messenger (peace and blessings be upon him) said: . This is not permissible, and the fatwa contradicts the evidence, so it is not acted upon.

The presenter:
May Allah grant you success.