Borrowing from the bank with a relative as guarantor and the zakah on the borrowed money
Machine translationRead the Arabic original
The presenter:
We mention to the honorable brothers and sisters, for whoever wants to call the program, Abdullah from Jizan. Go ahead, Abdullah.
The questioner:
Peace be upon you. And upon you, peace. I have a question, if you please. Go ahead. I have one of my relatives. I asked him to take out a family loan from the Development Bank, and I would be the guarantor for him. And I take the loan. The loan is sixty thousand riyals. So they take five thousand, and I take the remaining fifty-five thousand, and I pay off the entire loan. So this transaction is valid.
The Shaykh:
Meaning, he borrows from the bank for you, with his guarantee, he is the guarantor.
The questioner:
No, the loan is in his name, and I am the guarantor, so I take fifty-five thousand and give him five thousand.
The Shaykh:
Did he take the loan for you or for himself? Did he take the loan for you or for himself?
The questioner:
He submitted the papers, but he has not yet received the funds.
The Shaykh:
If he takes it.
The questioner:
He took the loan for me, yes, I did, based on the request, meaning.
The Shaykh:
If he took the loan with his guarantee and it is for you, then you are responsible for it, you are the one who pays the zakah on it, yes.
We mention to the honorable brothers and sisters, for whoever wants to call the program, Abdullah from Jizan. Go ahead, Abdullah.
The questioner:
Peace be upon you. And upon you, peace. I have a question, if you please. Go ahead. I have one of my relatives. I asked him to take out a family loan from the Development Bank, and I would be the guarantor for him. And I take the loan. The loan is sixty thousand riyals. So they take five thousand, and I take the remaining fifty-five thousand, and I pay off the entire loan. So this transaction is valid.
The Shaykh:
Meaning, he borrows from the bank for you, with his guarantee, he is the guarantor.
The questioner:
No, the loan is in his name, and I am the guarantor, so I take fifty-five thousand and give him five thousand.
The Shaykh:
Did he take the loan for you or for himself? Did he take the loan for you or for himself?
The questioner:
He submitted the papers, but he has not yet received the funds.
The Shaykh:
If he takes it.
The questioner:
He took the loan for me, yes, I did, based on the request, meaning.
The Shaykh:
If he took the loan with his guarantee and it is for you, then you are responsible for it, you are the one who pays the zakah on it, yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (102) لمعالي الشيخ صالح الفوزان بتاريخ [1436-09-21] - كبار العلماء — youtube.com (20:58)
The Arabic text is a machine transcription of the audio recording.