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The question

What is the ruling on Tawarruq at Arab Bank, and do its transactions involve any doubt?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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

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Source platform
Ftawy
Original fatwa ID
49830
Imported
Translation status
Source text, unreviewed
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