Thursday 16 Rabīʿ al-awwal 1446 - 19 September 2024
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Question
assalamu alaikum Sheikh. Im venturing into the real estate line of work. Is it okay to offer rent to own properties to buyers? there are very less cash buyers in the market and majority of people buy houses in installments , I'm personally not paying or recieving any interest. This is the way it is. Im facing financial difficulties. This is literally the way most people work.
Answer
Wa'alaykumsalaam Wa Rahmatullah.

I believe Sheikh Salih Al Munajjid has given a very wide explanation on this matter. Please do check the link below.

https://islamqa.info/en/answers/14304/ruling-on-rent-to-own-schemes

Allah knows best