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Sale of prohibited items : renting a place for an ATM of conventional bank
Fatawa Question
Assalam-U-Alaikum Wah Rahmat Allah Wa Baraka I am a businessman situated in India. I have recently constructed a small building for commercial purposes which I intend to rent / lease out to some good company / firms. I have been approached by Citibank and American express to lease out a small portion of my building on the ground floor for putting up an ATM machine which, as you know, dispenses cash and attends to other banking related activities. My question to your good self is whether it is permissible to do so and whether the rent that I receive from such banks will be Halal. While I do partake in normal banking activity for my business I try very hard not to involve myself in any interest related activity, which I am sure you will agree is next to impossible in a country like India. I will also be grateful if you could forward me any links from where I can obtain more related information. May Allah guide all of us on the right path. Was Salaam S.S.
Fatwa
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Publication Date
2002-02-28
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-726781
American Psychological Association (APA)
Qahf, Mundhir. 2002-02-28. Sale of prohibited items : renting a place for an ATM of conventional bank. .
https://search.emarefa.net/detail/BIM-726781
Modern Language Association (MLA)
Qahf, Mundhir. Sale of prohibited items : renting a place for an ATM of conventional bank. 2002-02-28.
https://search.emarefa.net/detail/BIM-726781
American Medical Association (AMA)
Qahf, Mundhir. 2002-02-28. Sale of prohibited items : renting a place for an ATM of conventional bank.
https://search.emarefa.net/detail/BIM-726781