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Renting Home and Riba (Interest)

Answered as per Hanafi Fiqh by Askmufti.co.za
Q: A home owner rents out his house bought on interest through the bank. Is he out of Riba?

A: He will remain in Riba until the bank loan is not cleared, whether he rents the house or not. The Riba transaction with the bank is a different deal, and renting the house to a third party is a different deal. Although because of the Riba he will not have much Barakaat or blessings in the money he gets in rental.

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This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.

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