But we fear that there may be some confusion for some of the listeners
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The questioner : But we fear that there may be some confusion for some of the listeners, so for example, if he borrows in the name of his son or his wife, and he is their representative, and the ownership belongs to the wife herself or to the son himself?
The Shaykh : In that case, there is nothing wrong with it.
The questioner : Yes.
The Shaykh : If the fund's regulations permit it, there is nothing wrong with him giving the land to his son, making a valid gift of it to him, and requesting the bank to do so in his name.
The questioner : In the son's name.
The Shaykh : In the son's name, but it must be done in a proper manner.
The questioner : Yes.
The Shaykh : Not as a ruse, because there is no objection to that, yes. Also, the fund's conditions must be observed: do they allow a son to take out a loan while he is living with his father, or do they not allow it?
The questioner : Yes.
The Shaykh : Yes.
The questioner : You have done well, gentlemen. We have reached the end of this session, in which we reviewed the questions of the gentlemen.
The Shaykh : In that case, there is nothing wrong with it.
The questioner : Yes.
The Shaykh : If the fund's regulations permit it, there is nothing wrong with him giving the land to his son, making a valid gift of it to him, and requesting the bank to do so in his name.
The questioner : In the son's name.
The Shaykh : In the son's name, but it must be done in a proper manner.
The questioner : Yes.
The Shaykh : Not as a ruse, because there is no objection to that, yes. Also, the fund's conditions must be observed: do they allow a son to take out a loan while he is living with his father, or do they not allow it?
The questioner : Yes.
The Shaykh : Yes.
The questioner : You have done well, gentlemen. We have reached the end of this session, in which we reviewed the questions of the gentlemen.