Buying a house through a bank
Machine translationRead the Arabic original
The questioner:
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible to buy a house through a bank, given that I am in need of it?
The Shaykh:
If the bank pays the price of the house on your behalf and then collects the price from you with an increase, this is riba (usury or interest) and is not permissible.
The questioner:
Excellent.
The Shaykh:
And they do not pay on your behalf except with an increase. The bank does not pay on your behalf except with an increase. This is riba, yes.
Honorable Shaykh, may Allah grant you success. The questioner asks: Is it permissible to buy a house through a bank, given that I am in need of it?
The Shaykh:
If the bank pays the price of the house on your behalf and then collects the price from you with an increase, this is riba (usury or interest) and is not permissible.
The questioner:
Excellent.
The Shaykh:
And they do not pay on your behalf except with an increase. The bank does not pay on your behalf except with an increase. This is riba, yes.
Source
شرح إغاثة اللهفان من مصائد الشيطان لابن القيم، فصل ومن ذلك اتخاذها عيدًا — islamhouse.com (59:02)
The Arabic text is a machine transcription of the audio recording.