The ruling on purchasing a house through a bank via installment payments
Machine translationRead the Arabic original
The questioner:
He says: Honorable Shaykh, may Allah grant you success. The questioner says: I want to buy a house through one of the banks, where the bank owns the house and then sells it to me on installments. However, what confuses me is that this bank signs a sale contract with the owner of the house that includes an option of condition, yet it does not pay the price, and it does not transfer the deed until I sign the purchase of the house from the bank. Is this purchase permissible in this manner?
The Shaykh:
This is deception. This is all deception regarding selling before ownership. He said: Selling before ownership, is this not permissible? Yes.
The questioner:
That is all, Shaykh.
The Shaykh:
And Allah the Exalted knows best, and may Allah send prayers and blessings upon our Prophet Muhammad and upon his family and his Companions.
He says: Honorable Shaykh, may Allah grant you success. The questioner says: I want to buy a house through one of the banks, where the bank owns the house and then sells it to me on installments. However, what confuses me is that this bank signs a sale contract with the owner of the house that includes an option of condition, yet it does not pay the price, and it does not transfer the deed until I sign the purchase of the house from the bank. Is this purchase permissible in this manner?
The Shaykh:
This is deception. This is all deception regarding selling before ownership. He said: Selling before ownership, is this not permissible? Yes.
The questioner:
That is all, Shaykh.
The Shaykh:
And Allah the Exalted knows best, and may Allah send prayers and blessings upon our Prophet Muhammad and upon his family and his Companions.
Source
المنتقى من أخبار سيد المرسلين 29-05-1433هـ — alfawzan.live (1:16:59)
The Arabic text is a machine transcription of the audio recording.