The bank buying land and selling it to the client
Machine translationRead the Arabic original
Question:
We take Muhammad from al-Kharj. Majid, Majid, Rashed, please. Peace be upon you. Upon you be peace, Rashed, please. By Allah, I wanted to ask you, Shaykh, I want the bank to buy the land and sell it to me.
Answer:
If the bank owns it before it sells it to you, there is no harm. It buys it and owns it, and once it enters its ownership, it sells it to you for a deferred price or a cash price. There is no harm because it is its property. Yes.
We take Muhammad from al-Kharj. Majid, Majid, Rashed, please. Peace be upon you. Upon you be peace, Rashed, please. By Allah, I wanted to ask you, Shaykh, I want the bank to buy the land and sell it to me.
Answer:
If the bank owns it before it sells it to you, there is no harm. It buys it and owns it, and once it enters its ownership, it sells it to you for a deferred price or a cash price. There is no harm because it is its property. Yes.
Source
قناة «مؤسسة الدعوة الخيرية»، فتاوى على الهواء 03-01-1435هـ - الفوزان — youtube.com (27:54)
The Arabic text is a machine transcription of the audio recording.