What is the ruling on the Tawarruq transaction with banks, especially the British Bank, when purchasing metals, knowing that the bank states that it owns them and takes a 5.5% share?
This transaction falls under permissible Tawaruq, but it is not permissible to conduct it with usurious banks, because doing so would be assisting them.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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