The Ruling on Real Estate Financing Through the Bank

Question:
Please, my brother Abu Faisal from Jeddah, you are with us on the line. Welcome. Peace be upon you. And upon you be peace. My brother, I want to ask the Shaykh about real estate financing at Alinma Bank and Al-Rajhi Bank? Regarding real estate financing from the banks, Honorable Shaykh, what is the view of the Shari'ah in your opinion?

Answer:
What is meant by real estate financing? Is the intent that he buys a property from the bank? Or is the intent that he buys a property from someone other than the bank and pays its price from the bank, borrowing from the bank? If the intent is that he buys a property from the bank, this is permissible if the property exists in the bank's ownership, that he buys it for a spot price or for a deferred price in installments or on a single term.
As for if he wants to buy a property from outside the bank and borrow its price from the bank, this is permissible without any increase. If the bank is willing to lend him a good loan, that is fine, from the bank or from anyone else.
But if it does not lend to him except with an increase, then this is haram (forbidden) riba (usury or interest) and is not permissible. Yes.