The ruling on selling or renting out a house financed by a riba (usury or interest) loan
Machine translationRead the Arabic original
Question:
Peace be upon you, Honorable Shaykh. This questioner says: I bought a house and took out a loan from a riba (usury or interest) bank. At that time, I was ignorant of the ruling, and in fact, I was completely far from Islam. The loan term is eight years. So, what should I do with what I did? Should I continue with it, or should I rent it out?
Answer:
If you sell it and tighten its bonds. The funds that brought you to this, so unfortunately, if you rent it out and pay the bank from the rent, because the bank has a debt, yes. And the riba (usury or interest) that you paid to the bank, you should give in charity an amount equivalent to it. Calculate the riba and the increase that was added, and give in charity from the money an amount that corresponds to it to get rid of it. And perhaps Allah
Peace be upon you, Honorable Shaykh. This questioner says: I bought a house and took out a loan from a riba (usury or interest) bank. At that time, I was ignorant of the ruling, and in fact, I was completely far from Islam. The loan term is eight years. So, what should I do with what I did? Should I continue with it, or should I rent it out?
Answer:
If you sell it and tighten its bonds. The funds that brought you to this, so unfortunately, if you rent it out and pay the bank from the rent, because the bank has a debt, yes. And the riba (usury or interest) that you paid to the bank, you should give in charity an amount equivalent to it. Calculate the riba and the increase that was added, and give in charity from the money an amount that corresponds to it to get rid of it. And perhaps Allah
Source
التوبة من التعامل البنكي — alfawzan.live
The Arabic text is a machine transcription of the audio recording.