Is the method used by banks to make loans permissible, by having the loan applicant sign an authorization for the bank to purchase goods and sell them to him, and then give him the money, considered permissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
What was mentioned is organized tawarruq, which is a cover for a usurious loan. The Islamic Fiqh Academy has issued a declaring it forbidden and has warned against it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/94029
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 94029
- 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.
- Read the full ruling
- Read the full answer on Ftawy