Our people recently have disputed the legitimacy of leasing properties. The agreement of lease here is that one party provides property such as house or agricultural land and other party gives cash for a specified period of time. At the end of contract term both party returns the assets. I am kindly asking you if this kind of deal is legitimate in Sharia Law.
Our people recently have disputed the legitimacy of leasing properties. The agreement of lease here is that one party provides property such as house or agricultural land and other party gives cash for a specified period of time. At the end of contract term both party returns the assets. I am kindly asking you if this kind of deal is legitimate in Sharia Law.
18Mar
ANSWER:
This is not permissible as this is lending money in exchange for using the property. This is clear riba.
Our people recently have disputed the legitimacy of leasing properties. The agreement of lease here is that one party provides property such as house or agricultural land and other party gives cash for a specified period of time. At the end of contract term both party returns the assets. I am kindly asking you if this kind of deal is legitimate in Sharia Law.