Is the borrower obligated to pay the remaining amounts, exempted by the Credit Bank, to the heirs of the deceased in whose name the loan was taken, knowing that the borrower is both the beneficiary and the guarantor?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If a person borrows in the name of another, acting as an agent, and the agent dies and the bank exempts him from repayment, then the principal must inform the bank of the truth of the matter and that he is the real beneficiary of the loan. This is because the exemption of the agent does not, in Islamic law, mean the exemption of the principal, and the bank is the one who has the right to exempt him or oblige him. The heirs of the deceased agent are not entitled to demand anything from the principal.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/19044
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 19044
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy