Is it permissible to take a loan from the bank to purchase commercial land if the bank will buy goods (rice or electrical appliances) for me at a rate of 4.7% and sell them to me through my agency?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
What you intend to do with the bank is organized tawarruq, in which the bank commits to selling the commodity. This type is impermissible () in Islamic law.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/106621
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 106621
- 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