We have own house. 3rd floor of the house is not build yet. Our neighbor offered us to construct the 3rd floor, He give total cost as a condition that he stay one apartment as rent free for next three years. This floor will became 4 apartment. Another 3 apartment we give rent others tenant. After 3 years we paid her full money which he give for build house and he leave home. My question, is it permissible in islam? Mention that: 1. He get back her full money after 3 years which he give for constructing house as he benefited he will stay rent free. 2. We collect her money from rent price of the rest 3 apartment. 3. If we deny he may keep money in bank and get interest and the interest become close to rent price per month. Please answer as soon as possible.
Answer
(Fatwa: 2102/1699/B=1431)
Islam does not allow it. It is not lawful for creditor to avail residential facility by giving debt. According to Islam, it is interest. It is mentioned in Hadith:
كل قرض جر نفعاً فهو ربوا
(1) It is unlawful for them as mentioned above.
(2) It is right for you to collect money from the rent of other three flats.
(3) They will be sinful if they get benefit from your flats for three years by giving you money.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband