What is the ruling on obtaining a sum of money from Al-Riyad Bank through Tawarruq by selling air conditioners owned by the bank, or through shares by purchasing them and then selling them in trading?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no harm in Tawarruq, especially when there is a need for it. As for authorizing the bank to sell the commodity purchased from it on credit, it is preferable to avoid it. If it is done, its permissibility is conditioned upon taking possession of the commodities first, and then authorizing their sale. As for dealing in stocks, it is permissible if it is possible to avoid the prohibitions found therein.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104920
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 104920
- 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