What is the ruling on buying and selling with Banque Saudi Fransi using the Murabaha (Tawarruq) system that it offers in the form of metals?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
"Murabaha selling is permissible under certain conditions. However, the organized Tawarruq practiced by some banks and companies is not true Tawarruq; rather, it is a stratagem to circumvent Riba (usury). Therefore, it is forbidden to engage in such transactions. A resolution from the Islamic Fiqh Academy has been issued prohibiting this."
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/99809
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 99809
- 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