Ruling on purchasing real estate through installment companies
Machine translationRead the Arabic original
Question:
I want to buy a property through one of the companies on an installment basis, but they do not own it; rather, I direct them to it, so they acquire it, and I buy it from them?
Answer:
If it is on an installment basis, there is nothing wrong with it.
Q: The company does not own this property, but I am the one directing them to it?
A: There is nothing wrong...
Q: No, I mean, for example, the company does not have any property, and I have a piece of land that I direct the company to so they can buy it?
A: Do you sell them your land?
Q: No, I want to buy it (cash), but I do not have the ability, so I buy it through one of the installment companies?
A: If they develop it and sell it to you, buy it; do not buy it until after they have developed it.
Q: I want to buy it as land?
A: Buy land from them or from someone else.
Q: No, from the same company.
A: Buy the land from its owner, whether from a company or not, in cash or in known installments; there is nothing wrong with it.
I want to buy a property through one of the companies on an installment basis, but they do not own it; rather, I direct them to it, so they acquire it, and I buy it from them?
Answer:
If it is on an installment basis, there is nothing wrong with it.
Q: The company does not own this property, but I am the one directing them to it?
A: There is nothing wrong...
Q: No, I mean, for example, the company does not have any property, and I have a piece of land that I direct the company to so they can buy it?
A: Do you sell them your land?
Q: No, I want to buy it (cash), but I do not have the ability, so I buy it through one of the installment companies?
A: If they develop it and sell it to you, buy it; do not buy it until after they have developed it.
Q: I want to buy it as land?
A: Buy land from them or from someone else.
Q: No, from the same company.
A: Buy the land from its owner, whether from a company or not, in cash or in known installments; there is nothing wrong with it.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.
