Financing through Tawarruq

The questioner:
Peace be upon you and Allah's mercy and blessings.

The Shaykh:
The transaction is permissible.

The questioner:
And peace be upon you. And peace be upon you, please go ahead. If you please, Shaykh, two questions, may Allah preserve you. Please. The first question, Shaykh, what is the ruling on financing from Al-Jazirah Bank

The presenter:
Okay, and what?

The questioner:
through stocks or through rice. The other question.

The Shaykh:
Yes.

The presenter:
Yes, answer, Shaykh, answer the question, yes.

The questioner:
The second question?

The Shaykh:
Financing.

The presenter:
Please, Shaykh Salih.

The Shaykh:
My brother, no, we are not leaving them to answer.

The presenter:
Please proceed.

The Shaykh:
Let him ask the questions.

The presenter:
Okay, meaning the caller? Your second question.

The questioner:
The second question: We are a group, and we have a rest area next to a mosque. Is it valid for us to pray in the rest area since we are a group?

The presenter:
Okay, thank you. Okay. Please, Shaykh, financing through stocks, rice, and others.

The Shaykh:
Financing means that he purchases a commodity through tawarruq (a commodity sale used to obtain cash) and benefits from its price, then pays the price later and sells it to someone other than the one who sold it to him. There is no harm in that. The issue of tawarruq: first, the commodity must be in the ownership of the creditor, who is the seller, before the contract. The second condition is that the borrower takes possession of it by receiving it and moving it from its place, and sells it to someone other than the creditor and benefits from its price. Yes.