Giving one the usage of the home due to the loan

Submitted by user2 on Tue, 2017-04-11 19:37

Q: I have a house. I borrow some money from one person and I give him my house for one year. After one year, I take back my house and pay back his money. Is this permissible?

A: This is not permissible. This is in actual fact interest. The benefit he will receive through using your home is in exchange of the loan he gave you. The Hadith mentions, “Every benefit derived through a loan is interest.”

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

عن فضالة بن عبيد صاحب النبي صلى الله عليه وسلم أنه قال: " كل قرض جر منفعة فهو وجه من وجوه الربا (السنن الكبرى للبيهقي رقم 10933)

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Loans & Debts›Loans

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