Is it permissible to have an ATM

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Question

 

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

  1. a)Bank as a tenant
  2. 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,

Madrassah In’aamiyyah

 

  • The Sharée ruling herein given is specifically based on the question posed and should be read in conjunction with the question.
  • The Darul Ifta bears no responsibility to any party who may or may not act on this answer. The Darul Ifta being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of the Darul Ifta.