Q: I have a flat/shop which I want to give on rent.
a) If I take a heavy refundable deposit and no monthly rent
b) If I take a Heavy refundable deposit and nominal monthly rent
c) If I take 50 % refundable deposit and %50 monthly rent
Is it Halaal and as per Sharia
A: In order for the leasing to be valid, it is necessary for the rent to be fixed. Apart from charging the lessee a fixed rent, there is no need to take a deposit from him.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)