Borrowing from a Real Estate Development Fund


A: First, The person is accountable to pay the loan that he took from the development fund if he dies before repaying it, just like he would be accountable for any other debt. His inheritors should repay it when it is due, out of the estate of the deceased. The inheritors should inform the officials at the development fund so that they can take the necessary procedures regarding the mutual commitments of the debtor and the creditor. Second, it is impermissible to sell the house which is mortgaged for the development fund loan before (Part No. 14; Page No. 117) obtaining the permission of officials there or repaying the rest of the loan. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.

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