Buying a land from a trader and selling it to him again in installments

Q: I would like to inform Your Eminence that I want to buy a piece of land to build a house. This land costs one hundred-thousand Riyals. I cannot pay this sum at the present time. I would like Al-Rajhi Bank to buy this land for me. They will not pay its price to the owner except after a contract is signed between us and they take the necessary guarantees. Is this kind of sale permissible? May Allah protect you.

A: If the case is as you have mentioned, this kind of sale is not permissible. May Allah set right the conditions of all of us. (Part No. 13; Page No. 251)  May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.