What is the ruling on personal financing from Qatar Islamic Bank (QIB), in which the bank buys a commodity then sells it to the client, then buys it back at a lower price based on authorization from the client?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The described scenario—if the bank buys the commodity back from the client—is impermissible because it falls under the prohibited 'inah (buy-back) transaction. This occurs when one sells a commodity for a known price on credit, then buys it back from the same person for a lesser price, leaving a larger amount as a debt upon him. You can refer to the Supervisory Board of the mentioned bank and inquire from them about the true nature of the transaction.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/161011
Where this answer came from
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- Ftawy
- Original fatwa ID
- 161011
- 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