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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.

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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