IS IT HARAAM OR HALAAL THE HIGHEST INCREASE IN HOUSE RENTS.
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:
IS IT
HARAAM OR HALAAL THE HIGHEST INCREASE IN HOUSE RENTS IN
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errors in the above statement. The forum does not change anything from
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Answer:
Increase in house
rents
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.
Respected brother, Shariah Law has not laid down the
maximum or minimum amount, or the percentage of increase one may charge as rent
to the lessee….but rather Islam has allowed the price of a commodity or service
to be set by the market principles of supply and demand.
Under normal market conditions and situations, the
landlord is well within his rights in Shariah to demand a rent or an increase
in the rent according to the fair market principles of supply and demand….and
the lessee is well within his rights to accept to pay the rent or the increase
in rent, or find another premises for himself to stay or work.
Islam guides towards fairness and justice towards both
parties; neither the landlord should take advantage of the condition of his
tenant and demand a rent which is substantially higher than the market rates,
nor should the tenant take advantage of the condition of the landlord and offer
him an unfair rent which the landlord is not willing to accept.
If the governing authority of the land one lives in fears
that the increase in rents would cause severe inflation, or substantially
increase the cost of living in their nation and thus undue hardship to its
citizens, it is well within its rights to enact and enforce a law whereby the
landlord is only allowed to increase a particular percentage of the rent each
year.
Whatever written of Truth and benefit is only
due to Allah’s 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