What is the ruling on purchasing a house through a bank?
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. The questioner asks: What is the ruling on purchasing a house through a bank?
Answer:
If the bank buys it and owns it, buying it and owning it fully, and then sells it to you, there is no harm in that. But if you buy it and the bank pays the price and takes an increase on it, that is riba (usury or interest). Yes.
Honorable Shaykh, may Allah grant you success. The questioner asks: What is the ruling on purchasing a house through a bank?
Answer:
If the bank buys it and owns it, buying it and owning it fully, and then sells it to you, there is no harm in that. But if you buy it and the bank pays the price and takes an increase on it, that is riba (usury or interest). Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [138 -308] ما حكم شراء المنزل عن طريق البنك؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.