What is the ruling on obtaining a subsidized housing loan from the company, which requires the repayment of a previous loan through "Tawarruq" for the transaction to be completed on time?

It is permissible to engage in the legitimate Tawarruq (monetization) with the French Bank to purchase a car or pure (Sharia-compliant) shares and then sell them to obtain cash to pay off a debt to Al-Rajhi, provided it is not an organized Tawarruq. However, Tawarruq from a bank to pay off a debt to the same bank is considered a reversal of the debt and is forbidden.