The ruling on what is called (Islamic tawarruq) and their claim that the bank owns metal abroad

Question:
He says: Honorable Shaykh, may Allah grant you success. I needed to borrow some money for my need, and I found no one but one of the banks that has a Sharia committee which uses what is called Islamic tawarruq. This bank referred me to one of the scholars on their committee, and I contacted him. He said that tawarruq is permissible, and that there is metal abroad owned by the bank. Are these fatwas correct?

Answer:
Tawarruq is permissible with its conditions, but what they say about having metal abroad is a lie. It was discovered that they do not have metal abroad; rather, they deceive people with lies. This is not permissible. The one who issued this fatwa did not know; he believed them and said that they have metal abroad, believing them and basing his statement on their words. This is not permissible for a mufti. He must verify.