Is Murabaha, as conducted by Qatar Islamic Bank in Qatar, permissible, and does the bank adhere to the regulations of controlled Murabaha?
Tawarruq (monetization) is derived from "waraq," which means silver. The true tawarruq is when a needy person buys a commodity for a deferred price, then sells it for an immediate cash price due to their need for money, and this is permissible. However, organized tawarruq is predominantly considered unlawful (haram). It is not possible to rule on the tawarruq conducted by Qatar Islamic Bank due to changes in its transactions; one must refer to the bank's Sharia Supervisory Board.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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