Taking loans from a Real Estate Development Fund

A: The Real Estate Bank works on a 'first come, first served' basis. Moreover, it is impermissible for anyone who is entitled to receive a loan to sell his name to any other person. This is because of the impermissibility to sell something before possessing it, and because of the lying that the concerned process involves, and that it gives preference for people who are less deserving to obtain such loans over more deserving ones, and because of some other conduced evils. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.