I am a resident of bangalore,India. I want to take up the residence on rent.here it is customery to give around 10 months of rent or 1 lakh as a deposite and some market price amount as rent. for example case it is suppose 1 lakh deposit and 7000 rs rent. But i go and talk to some landloard talk about his house on rent but he needs money so he says to me that he will give to person who will give him 4 lakh deposit and 500 rent as monthly for duaration of 2 years(or another configuration 3 lakh as deposit and 2000 as rent ). Is it permissible to take up this house on this configuration ? i ask people some body says it is permissible and somebody strictly prohibit and say it is trickey and form of interest(riba).i am confused pleae tell me in light of sunnah and quran?
Answer:
(Fatwa: 1072/792=H/1429)
Those who are prohibiting it, their opinion is preferable.
Yes, if the deposit amount is neither returned later nor it is deducted in monthly rent, rather if it is given as single payment as rent and both the amounts, deposit and rent, are clearly agreed upon, then it is allowable.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband