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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
This transaction falls under permissible Tawaruq, but it is not permissible to conduct it with usurious banks, because doing so would be assisting them.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/50822
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 50822
- 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