Can i rent out my property to an Insurance Company?

29 Jun 2008 · 25 Jumada II 1429 AH1 min readFatwa 16870English

Question

I am in India, I have a plot in city. I am planing to construct a building and rent out it offices becoz that particular land is exclucively suitable for offices. I got very good offers only from banking and insurance companies. Other firms will not give such an offer. is it permissible to rent out them in this situation. If not , Is it permissable to sell out to a third party the entire building with accomadating thies financial institution becoz I will get a very good apprieciation in the sale of the building.

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatuh

According to Shariah, it is not permissible to let your premises to insurance companies as it is regarded to be aiding the evil of interest.

If it is possible to let out the building to another tenant who deals in lawful trade, then you may let it out to them. However, if you feel that the rental will not be affordable to anyone besides haraam companies, we advice that you sell the property.

And Allah knows best

Checked and Approved by:

Mufti Ebrahim Desai
Darul Iftaa

Checked & approved by: Mufti Ebrahim Desai

View original Compare with other Darul Iftas

Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/16870
Fatawa SA: https://fatawa.co.za/fatwa/askimam-16870

Question

Answer

People also ask

Related fatawa