Question:A person borrowed money from the bank to lend it to another person because the latter does not meet the requirements to receive the loan. We have two transactions: the first between the bank and the first person, and the second between the first person and the second person. The second person pays monthly installments to the first person, who in turn pays the bank. The first person passed away, and the bank waived the remaining installments. Should the second person be obliged to pay the remaining installments to the heirs, or is their obligation waived when the bank waived the first person's debt?

Answer:In the name of Allah, if the debtor borrowed money from the deceased first person, meaning that the deceased borrowed for themselves from the bank and then lent it to the second person, in this case, the second person must fully repay the amount. However, if the deceased person was merely an intermediary to transfer the money from the bank to the beneficiary, in this case, the beneficiary is not obliged to pay the remaining amount, and this is known based on the agreement between the deceased and the beneficiary. Allah knows best.

Question:Is it permissible to borrow money from banks with usurious interest for doing some commercial work in buying and selling homes, especially this is what is happening in America? Is it possible for my Christian partner to borrow such money in his name or in the name of the company with which I am a partner, and can I dispose of this money for the benefit of the company, then share the profit and loss?

Answer:In the name of Allah, it is forbidden if you are the one to pay the usury as mentioned in the question. However, it is permissible to buy an amount with a higher price as if you buy one thousand USD with an amount of a thousand and one hundred USD, provided that you pay it on installments where you deal with the other party verbally and he writes whatever he wants as per his laws. There is no problem on your side in this case. Allah knows best.