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What is the ruling on Islamic financing from Samba Bank, which offers the sale of a commodity (rice) with the possibility of authorizing the bank to sell it without seeing it?

1 min readAlso available in العربية

This is an impermissible organized Tawarruq (monetization). The questioner must repent from it and not return to the like of it, because he did not take possession of the commodity; rather, the bank sold it on his behalf.

Summarized from the full answer at Ftawy · reviewed Sep 2, 2026

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