What is the ruling on buying palladium metal from a bank, then the bank sells it to a third party, and I pay the amount in installments, knowing that the bank owns the metal?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to buy metal in installments from a bank and then sell it. This is called Tawarruq, and it is permissible according to the majority of scholars, even though it is more cautious to avoid 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/36248
Where this answer came from
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- Ftawy
- Original fatwa ID
- 36248
- 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