The ruling on purchasing an apartment under construction
Machine translationRead the Arabic original
Question:
Honorable Shaykh, this person asks and says: What is the ruling on purchasing an apartment that is under construction? May you be rewarded. And is it necessary that the construction be completed?
Answer:
Yes, the default is that one does not buy anything that does not exist. As for buying something that does not exist but is specified by certain characteristics, this is called istisna' (manufacturing contract). The scholars have differed on whether istisna' is permissible or not. The better and more preferable course is not to buy anything other than a standing, existing, and complete building that meets one's needs. Yes.
Honorable Shaykh, this person asks and says: What is the ruling on purchasing an apartment that is under construction? May you be rewarded. And is it necessary that the construction be completed?
Answer:
Yes, the default is that one does not buy anything that does not exist. As for buying something that does not exist but is specified by certain characteristics, this is called istisna' (manufacturing contract). The scholars have differed on whether istisna' is permissible or not. The better and more preferable course is not to buy anything other than a standing, existing, and complete building that meets one's needs. Yes.
Source
فتاوى على الهواء 09-03-1436هـ — af.org.sa (28:00)
The Arabic text is a machine transcription of the audio recording.