Is the landlord taking heavy deposit for property he rents out permissible in Islam? These are of 3 kinds: 1. Take a huge sum (usually 10+% of the property) & let the person use it for a fixed period. Then return the sum as it is & he returns the property. 2. Same as case one, but charge him nominal rent, for bills, etc. 3. Take a small sum (usually
Is the landlord taking heavy deposit for property he rents out permissible in Islam? These are of 3 kinds: 1. Take a huge sum (usually 10+% of the property) & let the person use it for a fixed period. Then return the sum as it is & he returns the property. 2. Same as case one, but charge him nominal rent, for bills, etc. 3. Take a small sum (usually
25Sep
Option 1 and 2 are Riba.
Option 3 is permissible.
Is the landlord taking heavy deposit for property he rents out permissible in Islam? These are of 3 kinds: 1. Take a huge sum (usually 10+% of the property) & let the person use it for a fixed period. Then return the sum as it is & he returns the property. 2. Same as case one, but charge him nominal rent, for bills, etc. 3. Take a small sum (usually