What is the ruling on Tawarruq through shares in the Arab National Bank, given that the employee buys the shares and places them in the client's portfolio with the possibility of selling or holding them, and the bank gives the client a cash gift of 1% of the Tawarruq amount after approximately one week? And what is the correct method for Tawarruq?

This transaction is not a permissible tawarrulq (monetization). Rather, it is an interest-based loan, because the bank undertakes to pay the amount on behalf of the client to collect more from him, and the inclusion of shares in it is a mere formality. For tawarruq to be permissible, the bank must genuinely purchase the shares, take ownership and responsibility for them, and then sell them to the client. The purchased shares must also be permissible.