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?
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.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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