Hanzalah ibn Qays said that he asked Rafi ibn Khadij about the lease of land. He replied: The Messenger of Allah ﷺ forbade the leasing of land. I asked: (Did he forbid) for gold and silver (i. e. dinars and dirhams)? He replied: If it is against gold and silver, then there is no harm in it.
Hadith Referenceسنن ابي داود / كتاب البيوع / 3393
Hadith Gradingالألبانی:صحيح | زبیر علی زئی:صحيح مسلم (1547)
Hadith Takhrij« انظر ما قبلہ، (تحفة الأشراف: 3553) (صحیح) »
Benefits and Issues: From all these ahadith, it is established that if a landowner, in sharecropping (muzara‘ah), specifies the produce of separate portions of the same field for himself and for the sharecropper, then this type of sharecropping is impermissible. And this is the corrupt condition due to which sharecropping has been declared prohibited in its presence. If this flaw is not present, and instead the land is given for a fixed amount, i.e., on lease (theka), then there is no harm in it.
Source: Sunan Abu Dawood – Commentary by Shaykh Umar Farooq Saeedi, Page: 3393