Continuing with the yearly installments
Q: Five years ago, I applied for a loan from the Real Estate Development Fund to build a house, as others like me have done. I was given a number and waited for my turn. My turn was approaching, but during that five-year time period I had a dire need that forced me to sell the land on which I intended to build, and I do not have the ability to buy another plot of land now. Someone who knows my situation offered to pay me 50,000 Riyals in return for the number that I have and my right of benefiting from the loan to be given to me. Is it permissible for me to accept this offer or is this transaction not Halal (lawful)? Please advise me.
A: It is not permissible for you to do this, because it entails fraud and deception of the state. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
Father took out a lo...
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