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Renting Out A Property
Assalam o alaikum.
I was wondering if I buy a house via a mortgage and then rent it out, is that haram? In the uk, the mortgage has ‘interest’ in it. Would that make me a partner of the bank in taking interest or could I consider it that I’m taking rent from the tenant and then returning the mortgage plus whatever interest the bank demands? I’m a bit confused on it. Someone told me that they discussed this with Ghamidi sahab 3 years ago and he told them that only buying a personal house with mortgage is allowed. I’m not sure what his opinion on this is. It doesn’t make sense to me and doesn’t seem like something that he would’ve said.
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1 Reply
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Renting Out A Property
updated 3 weeks, 4 days ago
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Mortgage is halal. It doesn’t involve Riba which is only in the case of loan.
Please refer to the following discussion
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