02-25-2010, 12:34 AM
Hello Friends, I am new on this forum. I have a question about interest.
Suppose I have a house which I give on rent for one year @ Rs. 5000/- per month. After one year, I would have earned Rs. 5000 x 12 = Rs. 60,000/- plus my principle (the house) back. Now suppose I have a car which I give on rent for 1 hour @ Rs. 500/-. I have earned Rs. 500/- plus my principle (the car) back. Now suppose I have one acre of land which I lend for one year @ Rs. 15,000/- to someone. After one year, I will get my principle (one acre land) back and will have earned Rs. 15,000/- on that land. Now, if I give Rs. 100,000/- @ Rs. 10,000/- for one year, I would have earned Rs. 10,000/- plus my principle (Rs. 100,000/-) back. What is the main difference? Just of liquid cash? Or does it mean that renting and lending money on interest are two angles of the same object? Moreover, there are a lot of things which we would need for a temporary basis and not for permanent which is quite obvious with human requirements. If renting is haram, then what is the solution for getting something on temporary basis?
Thank You
Suppose I have a house which I give on rent for one year @ Rs. 5000/- per month. After one year, I would have earned Rs. 5000 x 12 = Rs. 60,000/- plus my principle (the house) back. Now suppose I have a car which I give on rent for 1 hour @ Rs. 500/-. I have earned Rs. 500/- plus my principle (the car) back. Now suppose I have one acre of land which I lend for one year @ Rs. 15,000/- to someone. After one year, I will get my principle (one acre land) back and will have earned Rs. 15,000/- on that land. Now, if I give Rs. 100,000/- @ Rs. 10,000/- for one year, I would have earned Rs. 10,000/- plus my principle (Rs. 100,000/-) back. What is the main difference? Just of liquid cash? Or does it mean that renting and lending money on interest are two angles of the same object? Moreover, there are a lot of things which we would need for a temporary basis and not for permanent which is quite obvious with human requirements. If renting is haram, then what is the solution for getting something on temporary basis?
Thank You
