The Noble Prophet, peace and blessings be upon him, said: Indeed, there are only two ways of cultivating land: one is a person to whom land is given, so he cultivates it; the second is a person who owns land and cultivates it; and the third is a person who takes land on rent in exchange for gold and silver.

Hazrat Hanzala narrates that I asked Hazrat Rafi’ bin Khadij (may Allah be pleased with him) about giving barren land on rent in exchange for gold and silver. He replied: It is permissible; there is no harm in it.

Hazrat Sa'd was asked about leasing barren land in exchange for gold and silver? He replied: There is no harm; this is a loan of land.

Hazrat Saeed bin Al-Musayyib says that there is no harm in renting barren land in exchange for gold and silver.

The same is narrated from Hazrat Saeed bin Jubair (may Allah have mercy on him).

Hazrat Salim, Hazrat Saeed bin Al-Musayyib, Hazrat Urwah, and Hazrat Zuhri (may Allah have mercy on them) did not consider it objectionable to lease land of Rayy in exchange for gold and silver.

Hazrat Ibn Abbas (may Allah be pleased with them both) narrates that indeed the best occupation among your occupations is that you lease land in exchange for gold and silver.

Hazrat Salim says that indeed we will lease this land of Kura in exchange for gold and silver.

Ibrahim says that if a person intends to lease out land, he can lease uncultivated land in exchange for gold and silver.

Hazrat Abu Ja'far, may Allah have mercy on him, was asked whether we can lease barren land, on which there are no trees or crops, in exchange for dirhams and dinars? He replied: This is good, we used to do the same in Madinah Munawwarah.