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: FtawySummarized from the full answer at Ftawy · imported 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."
Summarized from the full answer at Ftawy · imported
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- 99809
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