The ruling on purchasing a house through a bank on an installment basis
Machine translationRead the Arabic original
Question:
The questioner says: I want to buy a house through a bank. The bank buys the house for one million and sells it to me for one and a half million after transferring the deed to its name. Is this permissible?
Answer:
Yes, if the bank or anyone else takes full ownership of the house and takes possession of it, it is permissible for them to sell it to others for its price or for a price higher than its price. There is no harm in that. Yes.
The questioner says: I want to buy a house through a bank. The bank buys the house for one million and sells it to me for one and a half million after transferring the deed to its name. Is this permissible?
Answer:
Yes, if the bank or anyone else takes full ownership of the house and takes possession of it, it is permissible for them to sell it to others for its price or for a price higher than its price. There is no harm in that. Yes.
Source
مجالس رمضان 1430هـ - 05 — alfawzan.live (31:08)
The Arabic text is a machine transcription of the audio recording.