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The question

What is the ruling on buying and selling with Banque Saudi Fransi using the Murabaha (Tawarruq) system that it offers in the form of metals?

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Source: FtawySummarized from the full answer at Ftawy · reviewed Sep 2, 20261 min readAlso available in العربية
The answer

"Murabaha selling is permissible under certain conditions. However, the organized Tawarruq practiced by some banks and companies is not true Tawarruq; rather, it is a stratagem to circumvent Riba (usury). Therefore, it is forbidden to engage in such transactions. A resolution from the Islamic Fiqh Academy has been issued prohibiting this."

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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