Q: Is it permissible to rent out our premises to the bank?
A. Letting premises to banks is not allowed, for the core income and basis of all dealings of banks is interest (Ribaa).
Mufti Siraj Desai
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Renting to Bank
Answered as per Hanafi Fiqh by Askmufti.co.za
Scholar:
Shaykh Siraj Desai
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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.
Related Q&A
- Can I rent my space to ATM machine?
- Are muslims allowed to work in South African banks. Can a Muslim man use the money he saved while working in a bank that thakes interest for haj.
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- Working in Islamic Banks
- A gift from a bank’s income to a masjid.
- Is renting a building space to a bank permissible under Islamic law?
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