Question (p)
Is it permissible to have an ATM or a Bank on ones premises?
Answer
Muhtaram / Muhtaramah
In the Name of Allāh, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.
There are two issues to this query
a)Bank as a tenant
b)ATM on ones premises
According to Shariah, it is not permissible to have a conventional bank as a tenant as one would be aiding in the sin of interest. Allah states “And do not assist in sin”.
Secondly, it is permissible to have an ATM on ones premises on condition the rental paid by the ATM company to you is not linked to the amount or number of transactions conducted on the ATM.
And Allah knows best
Darul Iftaa, Madrasah Inaa’miyya
