Taking a loan from a company in the brother's name for the benefit of his brother
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success. I wanted to take a loan from Al-Rajhi Bank, but their conditions did not apply to me. So I told my brother to take a loan from them in his name, on the condition that I would pay him the installments of this loan, and then he would pay them over to the bank. Is this action permissible?
Answer:
This is a ruse and is not permissible. However, if he takes it in his name, so that the debt is on his guarantee, and he lends it to you from his own property, there is no harm. But if he takes it for you and you use his name to deceive them, that is not permissible. Yes. And Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad, and upon his family and all his Companions.
He says: Honorable Shaykh, may Allah grant you success. I wanted to take a loan from Al-Rajhi Bank, but their conditions did not apply to me. So I told my brother to take a loan from them in his name, on the condition that I would pay him the installments of this loan, and then he would pay them over to the bank. Is this action permissible?
Answer:
This is a ruse and is not permissible. However, if he takes it in his name, so that the debt is on his guarantee, and he lends it to you from his own property, there is no harm. But if he takes it for you and you use his name to deceive them, that is not permissible. Yes. And Allah the Exalted knows best, and may Allah send prayers and peace upon our Prophet Muhammad, and upon his family and all his Companions.
Source
الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 085-تكملة العدة - كتاب الرضاع - 22-3-25 هـ — archive.org (41:29)
The Arabic text is a machine transcription of the audio recording.