A person working as a treasurer in one of the institutions, and the manager of the institution is the agent for the heirs of their father
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The questioner : A person works as a treasurer in one of the institutions, and the manager of the institution is the agent for the heirs of their father. This agent, who is their brother, issues his orders to the treasurer to disburse rewards to workers, charities, donations, and loans to some of the needy. Is the treasurer sinful if the agent exceeds the authorities granted to him?
The Shaykh : If the agent exceeds the authorities granted to him and the treasurer knows this, then it is not permissible for him to disburse anything from the fund, because that falls under the category of cooperating in sin and aggression. He must advise the agent and warn him of Allah.
It is well known that the agent, and it is more correct to say that the guardian of the property of the minor, is not permitted to donate anything from their wealth, nor to give charity. As for a loan, it may be permissible on the condition that the borrower is wealthy, or that he provides a wealthy guarantor, or that he pledges a collateral from which repayment is possible. And on another condition, which is that there must be a benefit for the one under guardianship in this loan. I do not mean by benefit an increase, because an increase in a loan is riba (usury or interest). But I mean a benefit if the loan to this man protects him from the aggression of others and preserves him; this is a benefit for the one under guardianship. If these two conditions are met: the first, the benefit, and the second, the absence of risk by providing a guarantor such that the borrower is wealthy, or he provides a wealthy guarantor, or he pays a secured collateral from which repayment is possible, then there is nothing wrong with it. And at that time, we say: the actions of the guardian regarding the property of the one under guardianship are divided into three categories. A category that is permissible, which is what contains a benefit, such as selling, buying, and trading, if he sees a benefit in that.
A category that is prohibited in all cases, such as charities and donations.
And a category that is permissible on condition, which is the loan, and the condition is what I mentioned first, which is that we secure this money such that the borrower is wealthy, or he provides a wealthy guarantor, or he pays a secured collateral. And the second: that there is a benefit in it. Yes.
The questioner : May Allah bless you. Abu 'Abdullah mentions that he...
The Shaykh : If the agent exceeds the authorities granted to him and the treasurer knows this, then it is not permissible for him to disburse anything from the fund, because that falls under the category of cooperating in sin and aggression. He must advise the agent and warn him of Allah.
It is well known that the agent, and it is more correct to say that the guardian of the property of the minor, is not permitted to donate anything from their wealth, nor to give charity. As for a loan, it may be permissible on the condition that the borrower is wealthy, or that he provides a wealthy guarantor, or that he pledges a collateral from which repayment is possible. And on another condition, which is that there must be a benefit for the one under guardianship in this loan. I do not mean by benefit an increase, because an increase in a loan is riba (usury or interest). But I mean a benefit if the loan to this man protects him from the aggression of others and preserves him; this is a benefit for the one under guardianship. If these two conditions are met: the first, the benefit, and the second, the absence of risk by providing a guarantor such that the borrower is wealthy, or he provides a wealthy guarantor, or he pays a secured collateral from which repayment is possible, then there is nothing wrong with it. And at that time, we say: the actions of the guardian regarding the property of the one under guardianship are divided into three categories. A category that is permissible, which is what contains a benefit, such as selling, buying, and trading, if he sees a benefit in that.
A category that is prohibited in all cases, such as charities and donations.
And a category that is permissible on condition, which is the loan, and the condition is what I mentioned first, which is that we secure this money such that the borrower is wealthy, or he provides a wealthy guarantor, or he pays a secured collateral. And the second: that there is a benefit in it. Yes.
The questioner : May Allah bless you. Abu 'Abdullah mentions that he...