House Mortgage For A Specific Time Period

[Umer]

From what I can gather from your question, it seems similar to a lease agreement where a specific amount is determined for a specific time period which is paid in monthly installments. At the end of the pre-determined time period, you return the property to the owner, or in certain cases you have the option to renew your lease. If my understanding is correct, then I don’t see anything impermissible in it.

[Ahmad Zia Jamili]

thanks you so much for clarification but, i will try to make the question clear with an example.

for instance if i have a house and you have money , can we exchange it for specific period of time? i mean during the period of exchange i will use your money and you will use my house, and at the end of the period you will have back all of your money and i will have my house as it was.

Regards,

[Umer]

I don’t understand how at the end of the period all of the money will be returned if it’s already used up.

[Ahmad Zia Jamili]

yes here it is as i mentioned, client A uses the house and client B uses the money.

but once contract is finished A have to return the house and B has to return the money.

Here they call it mortgage “رهن”, because client B needs money and client A pays money but at condition he uses B’s his house.

problem is that i heard in contract of رهن we can’t use the house because house is امانه.

once again thanks for your prompt and very vivid answer…

[Umer]

If it’s an agreement as you have explained above then there’s nothing wrong with it from the Islamic perspective.

[Ahmad Zia Jamili]

thanks you so much

[Ahmad Zia Jamili]

but the problem is that Client A has taken money as loan from clien B and B uses Client A’s house, which means B is taking benefit for money he has given as loan to A, is it permissible?