Source: http://qa.muftisays.com/?4182
Question ID: #4182
 
Question: Rent & Refundable deposit on flat
We own a flat in India with a market value of 5 Million Indian Rupees(INR). Are we allowed to rent it out to a tenant for a period of 1 year with the following contract -
1. Rent INR 10000 per month
2. Parking & Maintenance INR 2000 per month
3. Refundable security deposit INR 1 Million.
 
 
Answered by: Ulamaa ID 04 (London)
Date: 11/09/2012 21:30pm

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


There should be no problem in this contract, as long as there are no interest-based dealings involved i.e. in paying the rent, refunding the security deposit with interest to the tenant at the end of the tenancy etc.


And Only Allah Knows Best.
Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com