Giving one the usage of the home due to the loan
Question
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?
Answer
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.
References (Arabic / Urdu sources)
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 by
- Mufti Ebrahim Salejee (Isipingo Beach)
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