Answer:
(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 (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
