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Financial Transactions,Rent,

Fatwa No :

82081

| Date :

0000-00-00

Fatwa No : 82081

معاملات / مالی معاوضات / اجرت و کرایہ داری

What do the esteemed scholars and respected muftis say regarding the following issues:
(1) My father was employed at a bank. After his retirement, he received a sum of money. Is it permissible for him to start a business with that money or not?
(2) If I work together with my father in that business, will it be permissible for me or not? And if my father purchases a house or shop with that money and gives it on rent, will zakat be obligatory on the rental income or not?

الجوابُ حامِدا ًو مُصلیِّا ً

In the mentioned case, since the person was employed as an officer in the bank department whose very function involves dealing with and recording interest-based transactions, the salary received from this job and the retirement funds given are entirely derived from interest and are unlawful.Using this money for personal needs or giving it to a son for business purposes is impermissible in any case. It is necessary to avoid using it. The entire amount must be given in charity to the poor and needy without the intention of receiving any reward.
Therefore, it is obligatory for the said person to completely refrain from using this amount for the mentioned purposes; otherwise, he will be committing a serious sin.

مأخَذُ الفَتوی

وفی الشامیۃ: والحاصل انہ ان علم ارباب الاموال وجب ردہ علیھم ،والا فان علم عین الحرام لایحل لہ ویتصدق بہ بنیۃ صاحبہ وان کان مالا مختلطا مجتمعا من الحرام ولایعلم اربابہ ولا شیئامنہ بعینہ حل لہ حکما والاحسن دیانۃ التنزہ عنہ (5/99)۔

And Allah knows best
Darulifta Jamia Binoria Aalamia

Fatwa No 82081 Verify Now

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Related Topics Relative Topics

خرید و فروخت
Buying and Selling

95
سود
Interest

51
قرض
Loan

32
کاروبار
Trade and Business

31
ملازمت
Employment and Job

26
اجرت و کرایہ داری
Rent

25
شرکت و مضاربت
Company and speculation

21
ہدیہ
Gift

15
رشوت
Bribery

5
رہن یا گروی
Mortgage

2

Question:
    What do the esteemed scholars and respected muftis say regarding the following issues:
(1) My father was employed at a bank. After his retirement, he received a sum of money. Is it permissible for him to start a business with that money or not?
(2) If I work together with my father in that business, will it be permissible for me or not? And if my father purchases a house or shop with that money and gives it on rent, will zakat be obligatory on the rental income or not?

Answer:
    In the mentioned case, since the person was employed as an officer in the bank department whose very function involves dealing with and recording interest-based transactions, the salary received from this job and the retirement funds given are entirely derived from interest and are unlawful.Using this money for personal needs or giving it to a son for business purposes is impermissible in any case. It is necessary to avoid using it. The entire amount must be given in charity to the poor and needy without the intention of receiving any reward.
Therefore, it is obligatory for the said person to completely refrain from using this amount for the mentioned purposes; otherwise, he will be committing a serious sin.