Is it permissible for some companies to sell houses to their employees by installment of the price to the buyer over several years, and during this period the buyer pays rent on the house?
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The questioner : Is it permissible for some companies to sell houses to their employees by installment of the price to the buyer over several years, and during this period the buyer pays rent on the house until the company collects the remainder of the price from him?
The Shaykh : It is riba (usury or interest).
The Shaykh : It is riba (usury or interest).
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.