Ruling on resorting to deception to obtain a loan or assistance

Question: I am a citizen of this country. I took a personal loan from the Real Estate Development Fund for three hundred thousand riyals, as well as an investment loan for an amount exceeding one million riyals. Since I own a piece of land according to a legal deed, I transferred it to my wife’s name (through a nominal sale); I did this in order to obtain an investment loan in her name, because a person cannot take more than one investment loan. And indeed, that was done. I ask your Eminence to inform me: Is there a sin on me for what I did, and is it not valid according to the Shari'ah? If it is not valid, what is the solution to get rid of this loan? May Allah reward you with good.

Answer: This action is not permissible; because it involves lying and resorting to deception to violate the state regulations established to achieve the public interest. It is obligatory to return the amount to the fund, along with repentance to Allah (Glorified and Exalted is He) from this bad action. May Allah improve the condition of everyone.