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Renting building to bank haram?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
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.

بسم الله الرحمن الرحيم

(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 knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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