Purchasing a house and giving it out on rent

Answered according to Hanafi Fiqh by Muftionline.co.za

Q:

1. Some one is on rent and they are still on rent and he has sold his house for 27 lacs and he has not still enough money to purchase a house in which all family members be settled. And now he is trying to purchase a house in a sense so that he can fulfil his current financial problems (for giving current rent in which they are still living), through rent income. It is permissible in Islam to purchase a house and allow it on rent , the income of this house is use for the rent of a house in which someone is rented.

2. It is permissible in Islam to invest the payment of sold house in a National savings centre in that sense to gain the fixed amount for a month (e.g. 9000) so some one can fulfil his financial problems (for giving current rent in which they are still living).

Bismillaah

A:

1. It is correct.

2. This is interest.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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