• Transactions & Dealings >> Interest & Insurance

    Question ID: 60149Country: India

    Title: giving buliding to bank on rent

    Question: We have given our building to bank on rent and we heard that it is haram so help us on this issue if it is haram then tell us the solution to this problem because we have done agreement to bank for 15 years and we have invested 20 to 25 lakh rupees on it.

    Answer ID: 60149

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 916/908/H=09/1436) If you have erected this building with the sole intention of renting it out to bank then it is makrooh to give it on rent. However, the income which you will be getting from the rent shall not be termed haram. Fatawa Khalilia etc prove that its rent is not haram.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India