Has Islam made it incumbent on us to give our children particular names?
No, it hasn`t, but it is desirable that we give them good names.
Is it permissible for a person to sever ties with his sister because her husband had quit prayer and done him harm?
A sister is a blood-relative and maintaining blood-relations is obligatory in Islam. As regards her husband, he should be invited to the way of Allah with wisdom and beautiful preaching.
Is it permissible for the guardian, or the father of the child to hit the latter in order to teach him/her good manners?
It is permissible for the guardian to hit his/her child for teaching them good manners once they become ten years old provided that it is done mildly, harmlessly and without intimidation. Actually, such punishment is to be employed gradually i.e. after: asking, warning, and scolding. As for the teacher, he isn`t allowed to hit the student unless the latter`s father approves of it, and it is done according to necessity without intimidation, or harm.
What is the ruling on the financial leasing transaction in commercial bank?
Any transation that is involved in the unlawful is impermissible. And Allah Knows Best.