My brother owns a building space which he intends to rent out. Can he rent it to a bank for conducting its business. Since banks deal in interest for SB accounts and loans etc., he wants to know whether the rent received from bank is halal.
Answer
(Fatwa: 404/404=M/1429)
When you know it already that banks do interest-based transactions and their system is based on interest, then it is not correct to rent a building to bank, since helping in sin is sin, as Allah Almighty says: ولاتعاونوا علی الإثم و العدوان (سورة مائده)
Your brother should rent the building to one doing lawful business.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband