Transactions & Dealings >> Other Transactions

Question # : 5851

India

My brother owns a building space which he intends to rent out. Can he rent it to a bank for conducting its business. Since banks deal in interest for SB accounts and loans etc., he wants to know whether the rent received from bank is halal.

Answer : 5851

Published on: Jul 9, 2008

بسم الله الرحمن الرحيم


(Fatwa: 404/404=M/1429)


 


When you know it already that banks do interest-based transactions and their system is based on interest, then it is not correct to rent a building to bank, since helping in sin is sin, as Allah Almighty says: ولاتعاونوا علی الإثم و العدوان (سورة مائده)


Your brother should rent the building to one doing lawful business.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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