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Leasing a property to a Micro Finance business

 

 

 

Question and Answer:

Q. We have a tenant who has applied to rent an office from us.

 

His sole business is in Micro Finance. ie. Small loans.

 

Would the rental income derived from such a tenant be halaal?

 

(Query published as received)

 

A.  No. It will not be permissible to lease your property to such a business as the major/sole functions are interest bearing transactions. The rental income will not be permissible.

 

 

And Allah Knows Best

 

 

 

 Nasihah (Advice): Nails and unwanted hair should not be left to grow for more than forty days:

 

 

Sayyiduna Anas (Radiyallahu Anhu) reports: “We were taught that we should trim the moustache, clip the nails, remove the hair on the armpits and pubic hairs before forty days can elapse” (Sahih Muslim)

Fatwa Department

Jamiatul Ulama (KZN) Council of Muslim Theologians

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www.jamiat.org.za

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