Is it permissible for me to buy platinum from Abu Dhabi Islamic Bank and for them to sell it to me while the bank retains possession of the material, in exchange for me only receiving money and paying back more than the amount borrowed?
This described transaction falls under organized tawarruq (monetization), which the Islamic Fiqh Academy has ruled to be impermissible.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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