The Majlis Archive
Finance - Banking - Business The Majlis Vol 28 No 03, p.4

I am paying R2000 monthly rent for a premises.

Question

I am paying R2000 monthly rent for a premises. Can I hire it out for R2,500? The lease contract allows it.

Answer

It is not permissible to sub -let a hired premises for more than the rental amount even if the contract allows it. Even if a contract allows riba, it is not permissible. Only the owner who provides a service is entitled to charge a fee. The one who is not the owner, may not make a profit out of nothing given in exchange for the extra money.

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The Majlis Vol 28 No 03
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4

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Appears under THE EFFECT OF MAUT. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.

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