Question Summary:
Interest & Rent

Question Detail:

1.In India Can We Use Bank Interest ? There is a Hadees in Muslim That No Interest Exist Between A Harbi And Muslim In Daryl Harb ?

Answer :

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

1] Please refer to the following link. It is a detailed research on the topic by Mufti Abrar Saheb (Damat Barakatuhum):

http://askimam.org/public/question_detail/33637

2] Renting and interest differ from each other by several aspects:

A) Interest

B) Rent

And Allah Ta’āla Knows Best

Anas Sharieff Qasmi.

Student Darul Iftaa

Hyderabad, India.

Checked and Approved by,
Mufti Ebrahim Desai.

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[1] Contemporary Fatawaa by Hazrat Mufti Taqi Usmani Saheb (Damat Barakatuhum). Pg-168

[2] An Introduction to Islamic Finance. Pg-158