The Form of Tawarruq and Its Ruling

Question:
He says: Honorable Shaykh, may Allah grant you success, what is the form of tawarruq, and what is your opinion of it?

Answer:
Tawarruq is when a person needs money, so he buys a commodity with a deferred price, then sells it in the market to someone other than the one who sold it to him, or to someone who owes him a debt. He sells it in the market to another person for a spot price and benefits from it. This is the view of the majority of scholars regarding its permissibility, that there is no harm in it.
What is in it satisfies the need of the one in need, and the default is that buying and selling are permissible. This provides a way out of the riba (usury or interest) loan, which today has taken control of many people. It provides a way out, so there is nothing wrong with it, if Allah wills, but on the condition that he does not sell it back to the one who sold it to him for a deferred price, but rather sells it in the market to someone else.