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?
What you intend to do with the bank is organized tawarruq, in which the bank commits to selling the commodity. This type is impermissible (haram) in Islamic law.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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