A man’s name appeared in the Real Estate Development Fund, so another man came and said: I will give you 60,000 in exchange for the loan?

Question:
We say: Honorable Shaykh, may Allah grant you success. A man’s name appeared in the Real Estate Development Fund, so another man came and said: I will give you a man’s name appeared in the Real Estate Development Fund, so another man came and said: I will give you sixty thousand riyals and take your place in receiving the loan. Is this forbidden? And is this

Answer:
This is not permissible; this is forbidden. It is selling dirhams for dirhams—selling the dirhams that the bank will lend him to build a residence for himself for fewer dirhams. This is not permissible. The state did not establish this fund except to help people build their homes; they did not establish it for buying and selling. If you do not need this, it is not permissible for you to take the loan. The loan itself is not permissible for you because you are not in need of it and you are not among those it is intended for. It is not your property. It is established for the needy person who is unable to build, for example. As for you, you are wealthy, so build from your own money.