The ruling on purchasing a property mortgaged with the bank's permission
Machine translationRead the Arabic original
Question:
And here he says: What if the bank's land is not released?
Answer:
The real estate agent has mortgaged the house or the building. If the mortgagee permits the mortgagor to sell, it is permissible. If the mortgagee, who is the bank, permits the sale of the house or the building, and you buy it after the mortgagee's permission, and you pay the bank the remaining installments according to the regulations, because this has a system at the Real Estate Fund, you will proceed according to the system, so there is no harm in that, if Allah wills. Proceed, yes.
And here he says: What if the bank's land is not released?
Answer:
The real estate agent has mortgaged the house or the building. If the mortgagee permits the mortgagor to sell, it is permissible. If the mortgagee, who is the bank, permits the sale of the house or the building, and you buy it after the mortgagee's permission, and you pay the bank the remaining installments according to the regulations, because this has a system at the Real Estate Fund, you will proceed according to the system, so there is no harm in that, if Allah wills. Proceed, yes.
Source
شراء رهن البنك العقاري — alfawzan.live
The Arabic text is a machine transcription of the audio recording.