Transferring a villa to the name of one's son while it remains the property of the father, with the purpose of the son benefiting from the loan that the company he works for provides for housing
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Q: I have a son and the rest are daughters. My son, praise be to Allah, lives in a villa, and my son works for a company. The company lends an amount of money if an employee requests it to buy housing for him, and it installs him on the amount for a period of approximately 12 years. My son asked me to transfer the ownership of my housing to his name so that he can take the amount and dispose of it, and when the amount is paid off after 12 years, the villa returns to me and its ownership is transferred to my name, knowing that I will write between me and him now an external paper that the villa is mine and not his, and that I only did this so that he would benefit from the loan that the company gives only, and he has not delivered to me any amount when I transfer the villa deed to his name, and I do not deliver to him any amount when he transfers the villa to my name in the future. My question: Is my transferring the villa to his name according to what I mentioned above permissible or not permissible?
A: Your transferring the villa to your son as stated in the question is a lie that is not permissible, and it is a circumvention of the company's system, and it may result in bad consequences if they occur
the death of one of you before the re-transfer of the villa to you.
A: Your transferring the villa to your son as stated in the question is a lie that is not permissible, and it is a circumvention of the company's system, and it may result in bad consequences if they occur
the death of one of you before the re-transfer of the villa to you.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.