Ruling on buying apartments before construction?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying an apartment on installments, knowing that the apartments are not ready now? A sum of money is paid as a down payment, and the rest is paid in installments until the time of delivery, which is after two years?
Answer:
This is not valid; because it is the sale of a non-existent thing. This is the sale of a non-existent item. Apartments are not sold until they are completed, i.e., their construction and preparation are finished, so one buys something clear and existing. As for something that will be made later, this is not valid. This is what they call istisna' (manufacturing contract), they call it istisna' of the commodity, and this is not valid according to the majority because it is the sale of a non-existent thing.
He says: Honorable Shaykh, may Allah grant you success, what is the ruling on buying an apartment on installments, knowing that the apartments are not ready now? A sum of money is paid as a down payment, and the rest is paid in installments until the time of delivery, which is after two years?
Answer:
This is not valid; because it is the sale of a non-existent thing. This is the sale of a non-existent item. Apartments are not sold until they are completed, i.e., their construction and preparation are finished, so one buys something clear and existing. As for something that will be made later, this is not valid. This is what they call istisna' (manufacturing contract), they call it istisna' of the commodity, and this is not valid according to the majority because it is the sale of a non-existent thing.
Source
قناة «العلامة الدكتور صالح الفوزان»، [1485 -2802] حكم شراء الشقق قبل البناء؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.