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The question

Is it permissible to obtain liquidity to finance an agricultural project by purchasing household appliances in installments from an Islamic bank, then selling them to the same seller?

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

This transaction is called Tawarruq, and it is permissible according to the majority of scholars, even if the cash sale price is less than the deferred purchase price. There is no harm in selling the commodity back to the first seller as long as there was no prior collusion.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
115249
Imported
Translation status
Source text, unreviewed
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