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Question # : 15543

India

can i give my property for rent to any bank. i have some information that you cannot give premises to bank as they are interest based . but all the banks do main business of interest and commission. But my question is that the banks gives profit to government of india(RESERVE BANK OF INDIA) and the same government gives subsidy through public distribution system. gives subsidy to hajis, and gives all infrstructure facilities to people and the money kept of madrasas and masjids which encourage the banks business.Then all above things are jayaz or not jayaz and i have seen that in many muslim countries the preimeses are given to many international banks.

Answer : 15543

Published on: Aug 27, 2009

بسم الله الرحمن الرحيم


(Fatwa: 1595/1315=D=1430)


 


It is allowable according to Imam Abu Hanifah, but makrooh according to Imam Muhammad and Imam Abu Yusuf. Therefore, giving land on rent to banks is allowable in case of need, but still it is better to have some other renter except the bank.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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