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Is it permissible in Islam for a bank to rent a property in Aurangabad, India?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
assalam o alikum , i shaikh altaf ahmed, i hav a property in aurangabad, and i want to give on rent some of my shop, to a bank.. is,a bank rent is right(jayaz) to take in islam shariya, please help me out of this… if not how to make possible… please reply me soon… JAZAK ALLAH regards shaikh altaf maharashtra aurangabad INDIA 09890753271

Answer

(Fatwa: 2105/1430/H=1431)

It is lawful, i.e. you can rent it, so is mentioned in Fatawa Khalilia. However, it is better to avoid.

Allah (Subhana Wa Ta’ala) 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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