The ruling on purchasing real estate in installments through a bank

Question:
Please, my brother Fahd from Bisha, you are with us on the line. Peace be upon you. And upon you be peace. I have two questions, may Allah grant you success, O Shaykh. Please, the first question, may Allah preserve you. I have a property and I want to buy it, but I don't have any money, meaning cash. I went to the bank, and the bank said it would take this property, negotiate with the owner, buy it, and then start paying it off to me in installments over a period of 20 years. Is this transaction permissible? In your opinion, does it remain mortgaged with them? Please, he says he has a property.

Answer:
The first question. The first question: If the bank wants to buy the property for itself, and then, after taking possession of it, sells it to you after it has taken possession and ownership of it, there is no harm in that. But if the bank wants to buy it for you and pay the price on your behalf, and then recover it with an increase, that is riba (usury or interest) and is not permissible. The bank did not buy it to own it itself; rather, it bought the property for you and paid the price on your behalf. It lent it to you and recovers it with an increase. This is haram (forbidden) and not permissible. Yes.