renting

Option of purchasing a car from the bank after renting it from the bank

Q: Islam banks are giving away cars on the principle of Ijarah.

The bank buys a car and gives it to you on a monthly rent specified in the contract. The bank also keeps a security deposit. The ownership of the car remains with the bank during the rental period. You have the option to return the car at any point in time and get your security deposit back but the bank charges you a certain amount of money if you return the car before the expiry of the rental agreement duration specified in the contract. At the end of the rental agreement, you can either return the car and get your security deposit back OR get the ownership of the car transferred in your name in which case you have to forfeit your security deposit and you might even have to pay an additional fee.

Is transfer of ownership at the end of a rental agreement is permissible in Islam?

Renting out land that was made waqf for a musjid

Q: A plot of land was made waqaf for a musjid in the 1970s, however no musjid was built on it because of the group areas act. In 1980 a musjid was constructed on another site. All these years the jamaat has been paying rates etc. for the first plot. There is no need to build a second musjid as the town is small and the current musjid suffices for the towns needs. We pose the following questions:

1. Can the land be let out temporarily?

2. Can the jamaat build houses on the land for income permanently?

3. How should the income be utilised?

4. Can the income of the waqf land be utilised for running the affairs of the current musjid?

Dukaan ko rent par dena

Q: Mere papa ne aaj se 3-4 sal pehle full payment dekar 2 shops book karvaya tha jab ke us project ka kam start hone vala tha fir 3-4 sal bad project compelte ho gaya aur hamne ek ladies kapde bechne vale ko rent pe de diya to kya isi tarah shop bante samay book aur buy karna jaiz he? Secondly hamne jo shops rent pe diya he uski income hamare liye halal hogi?

Purchasing a house and giving it out on rent

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).

Fixing a ceiling in turnover clause rental agreement

Q: I read the fatwa regarding rental based on percentage of turnover being impermissible. I would like to query further that in the case where the landlord fixes a maximum amount for the rental, so that in the event of the turnover being a very large amount, the rental will not surpass the ceiling that has been fixed for the rental, will the ruling change in anyway? Most commercial properties work in this way and many tenants request this type of an agreement and are pleased with it.