The ruling on the price of a house sold through a bank
Machine translationRead the Arabic original
Question:
May Allah reward you. He says: I have a residence listed for sale, and a man bought it from me through a bank. Is the amount I receive through the bank permissible, or not? I should mention that I have not completed the sale procedures.
Answer:
There is a distinction here. If the bank’s method involves riba (usury or interest), it is not permissible for you. If the bank pays you the price of the house and then recovers the amount from you with an increase, that is riba, and it is not permissible. However, if the bank buys it with a valid purchase and sells it to you in a valid manner that does not involve riba, there is nothing wrong with it. Yes.
May Allah reward you. He says: I have a residence listed for sale, and a man bought it from me through a bank. Is the amount I receive through the bank permissible, or not? I should mention that I have not completed the sale procedures.
Answer:
There is a distinction here. If the bank’s method involves riba (usury or interest), it is not permissible for you. If the bank pays you the price of the house and then recovers the amount from you with an increase, that is riba, and it is not permissible. However, if the bank buys it with a valid purchase and sells it to you in a valid manner that does not involve riba, there is nothing wrong with it. Yes.
Source
لقاء الجمعة بالطائف 12-11-1438هـ — alfawzan.live (12:29)
The Arabic text is a machine transcription of the audio recording.