The Ruling on the Sale of Tawarruq
Machine translationRead the Arabic original
Question:
Regarding the definition of the sale of tawarruq, is it permissible in Islam?
Answer:
Yes, the sale of tawarruq is permissible according to the majority. It is when a person needs cash, so he buys a commodity with a deferred price, and sells it to someone other than the creditor, and he benefits from its price. When the due date arrives, he pays the creditor the price of the commodity. This is tawarruq, because the intended goal is obtaining paper money, which is silver. Yes.
Regarding the definition of the sale of tawarruq, is it permissible in Islam?
Answer:
Yes, the sale of tawarruq is permissible according to the majority. It is when a person needs cash, so he buys a commodity with a deferred price, and sells it to someone other than the creditor, and he benefits from its price. When the due date arrives, he pays the creditor the price of the commodity. This is tawarruq, because the intended goal is obtaining paper money, which is silver. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [4735] حكم بيع التورّق - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.