What is the ruling on Tawarruq at Arab Bank, and do its transactions involve any doubt?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
We have not reviewed the Tawarruq system at Arab Bank, and therefore, we cannot pass judgment on it. Tawarruq is a matter of scholarly disagreement, with the preponderant view being its permissibility. However, it is not permissible to conduct it through an interest-based bank, because it is obligatory to abandon these banks due to their involvement in usury until they commit to Allah's law.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/49830
- Source platform
- Ftawy
- Original fatwa ID
- 49830
- Imported
- Translation status
- Source text, unreviewed
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