Lease Ending with Ownership

Question
A family rented an apartment through the Arab Islamic Bank that ends with ownership with a monthly installment of (315) dinars over (12) years, and the profit rate is variable, increasing and decreasing. The value of the apartment specified by the bank in the concluded contract was not mentioned. Is this permissible?
Answer
I say, and with God's help: The sale transaction in Islamic banks is valid, and God knows best.
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