Can I rent my space to ATM machine?

CategoriesTrade, Business & All Things Money [490]

Can I rent my space to ATM machine? Is that income from an ATM halal?

In the name of Allah, the most Beneficent, the most Merciful.

Answer

Most ATMs are connected to interbank networks, which is a computer network that connects the ATM’s of different banks and permits these ATMs to interact with the ATM cards of non-native banks.

Regarding your question, it will be permissible for you to rent out space for an ATM machine and the income received will be considered lawful. It should be borne in mind not all the money in a bank is considered unlawful and usurious. Its only a small percentage which is made of from interest whilst the others are savings of customers.

Only Allah Knows Best

Mohammed Tosir Miah

Darul Ifta Birmingham.

About the author