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The question

What is the ruling on AlAhli's Tawarruq, given that its format involves taking a commodity and authorizing Al-Essa Company, and no other, to sell it, with the right to receive and dispose of the merchandise?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

The bank's condition that the buyer must not sell his commodity except through a specific person is a void condition because it contradicts the nature of the sales contract and freedom of disposal, and it imposes restrictions on the buyer regarding his property. The sale is valid, even though the condition is void. However, if the bank itself or its appointed representative sells the commodity, this makes the transaction unlawful, similar to organized tawarruq.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
115820
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.
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Read the full answer on Ftawy