Leasing one’s property to a conventional bank

Q: Is it permissible to lease one’s property to a conventional bank?

Bismillaah

A: The majority dealings of all conventional banks are in total contradiction with the laws of Shari’ah. Their main operation revolves around interest and usury. Hence, it is not permissible to lease one’s property to a conventional bank.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)


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This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

Tags: Bank, Interest, majority, usury

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