What is the ruling on a loan owner transferring his loan, which the state provided to another person, in exchange for a sum of money?
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Question:
This questioner says: A man wants to buy the loan that the state provided to another man for a sum of twenty-five thousand riyals. What is the ruling on the loan owner transferring his loan in exchange for this amount?
Answer:
This is not permissible because it is selling dirhams for dirhams, and this is riba (usury or interest). Selling dirhams that are absent with the government for dirhams that are present involves riba al-nasi'ah (usury of deferment) and riba al-fadl (usury of excess in a like-for-like exchange). It is forbidden; it is not permissible to sell dirhams for absent dirhams, or for a greater amount of dirhams. This is not permissible. Yes.
This questioner says: A man wants to buy the loan that the state provided to another man for a sum of twenty-five thousand riyals. What is the ruling on the loan owner transferring his loan in exchange for this amount?
Answer:
This is not permissible because it is selling dirhams for dirhams, and this is riba (usury or interest). Selling dirhams that are absent with the government for dirhams that are present involves riba al-nasi'ah (usury of deferment) and riba al-fadl (usury of excess in a like-for-like exchange). It is forbidden; it is not permissible to sell dirhams for absent dirhams, or for a greater amount of dirhams. This is not permissible. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم تنازل صاحب القرض عن قرضه الذي تقدمه الدولة لشخص آخر مقابل مبلغ من المال؟ #فتاوى الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.