• Transactions & Dealings >> Other Transactions

    Question ID: 5851Country: India

    Title: 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.

    Question: 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 ID: 5851Posted on: Sep 1, 2020

    Bismillah hir-Rahman nir-Rahim !

    (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 (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India