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Is it haram or halal to give the premises on rent to the bank??

Mu' meneen Brothers and Sisters,

As Salaam Aleikum wa Rahmatullahi wa Barakatuh.  (May Allah's Peace, Mercy and Blessings be upon all of you)

 

One of our brothers/sisters has asked this question:

Assalamalikum brother,

I am asking you this question on behalf of my father who runs a bussiness in india.he wants to know that is it haram or halal to give the premises on rent to the bank??

I hope to hear from you soon.

Jazak allah khair.

 

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Answer:

 

Rent premise to bank

In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is none worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.

 

Before we address your specific question, please allow us to relate a small parable. In almost all countries the selling or use of hard drugs like heroin and cocaine, etc. is absolutely illegal and punishable by law. Suppose one knowingly rents their premises to known drug-dealers, knowing fully well that the people who rent the premises would be involved in something which is absolutely against the law.would not the law of that country hold the owners of the premises, who knowingly let their premises on rent to the drug-dealers, at least partly responsible for the crime???


 

Allah says in the Holy Quran Chapter 2 Surah Baqarah verse 274-276:

But those who devour riba become like the one whom Shaitaan has bewitched and maddened by his touch. They have been condemned to this condition because they say, Trade is just like riba, whereas Allah has made trade halaal and riba haraam. Henceforth, if one abstains from taking riba after receiving this admonition from his Lord, no legal action shall be taken against him regarding the riba he had devoured before: his case shall ultimately go to Allah. But if one repeats the same crime even after this, he shall go to Hell, where he shall abide for ever! Allah deprives riba of all blessing and develops charity, and Allah does not like an ungrateful, sinful person.

 

Allah says further in the Holy Quran Chapter 2 Surah Baqarah verse 278:

O Believers!, fear Allah and give up that riba which is still due to you, if you are true believers. But if you do not do so, then you are warned of the declaration of war against you by Allah and His Messenger!

 

Allah says in the Holy Quran Chapter 4 Surah Nisa verse 161:

That they took riba, although they were forbidden. And that they devoured mens substance wrongfully. We have prepared for those among them who reject faith a grievous punishment (of Hell Fire)!

 

Allah Says in the Holy Quran Chapter 3 Surah Ale-Imraan verses 130-132:

130 O ye who believe! Devour not riba doubled and multiplied; but fear Allah; that ye may (really) prosper.

131 Fear the Fire which is prepared for those who reject faith.

132 And obey Allah and the Messenger; that ye may obtain mercy.

 

Without an iota of a doubt, Allah and His Messenger (saws) have declared the very concept of riba or interest as absolutely unlawful and haraam for the believers. Although one who rents their premises to an interest-based financial institution cannot be held liable for consuming riba, but because they knowingly leased their premises to an institution which they knew would be involved in dealing with the haraam, they became an accomplice in their sin, and will obviously share a burden of the sin in the Court of Allah Subhanah on the Inevitable Day of Judgment.

 

Whatever written of Truth and benefit is only due to Allahs Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only Source of Strength.

 

Your brother and well wisher in Islam,

 

 

Burhan


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