What is the ruling on a bank authorizing a client to conduct a Musawamah sale, whereby the client purchases shares on behalf of the bank, and then the bank sells them to the client in installments with an added profit, given that this authorization is a necessity?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The bank's authorization of the client who orders the purchase to buy the commodity that is ordered, when there is an urgent need, is permissible. The basic principle is that the institution should purchase the commodity itself. It is permissible for the institution to authorize someone other than the ordering client. However, resorting to authorizing the client should only occur in cases of urgent necessity. The agent should not sell to himself; rather, the institution sells the item after acquiring ownership of it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/165340
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 165340
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy