AskImamDarul Iftaa Mahmudiyyah (AskImam)

A wants to buy house from B, but cannot afford it. The bank due to delinquency forecloses the house owned by B. Can A purchase house in an auction held by a) the Bank, b) by government agency?

Fatwa 4713English
Finance and Commerce

Question

The question text was not published separately; the title stands in for it.

A wants to buy house from B, but cannot afford it. The bank due to delinquency forecloses the house owned by B. Can A purchase house in an auction held by a) the Bank, b) by government agency?

Answer

It is permissible to purchase a house in an auction.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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