Title: I have huge loans from the bank and have a lot of difficulty of paying the same. I am praying to allah to resolve me of my difficulties of finishing up the loans to the bank.
I have a building in which there are 2 floors vacant and i have refused to let out the building to the banks because thier income is from interest.
I would like to know "can I give the building to the bank and take the income and finish of the loans which are prevailing " is it allowed in islam.
Please let me know at your earliest.
Question: Dear Muftisab,
I have huge loans from the bank and have a lot of difficulty of paying the same. I am praying to allah to resolve me of my difficulties of finishing up the loans to the bank.
I have a building in which there are 2 floors vacant and i have refused to let out the building to the banks because thier income is from interest.
I would like to know "can I give the building to the bank and take the income and finish of the loans which are prevailing " is it allowed in islam.
Please let me know at your earliest.
Regards,
Irfan Bandukwala
Answer ID: 24638Posted on:
Aug 30, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1326/L=397/tl=1431)
You can rent your building to the bank; but it is not better.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India