Is it permissible for me to take a tawarruq (a commodity sale used to obtain cash) from the bank in order to perform Hajj?

The questioner:
He says: Honorable Shaykh, may Allah grant you success, is it permissible for me to take a tawarruq from the bank for an amount?

The Shaykh:
Is it permissible?

The questioner:
Is it permissible for me to take a tawarruq from the bank for an amount of fifteen thousand riyals in order to perform Hajj, knowing that this would be my first Hajj or the first for my family? I seek your guidance, may Allah grant you success.

The Shaykh:
If the commodity is in the possession of the creditor and is his property, and you buy it from him and sell it to someone else, it is permissible for you to take possession of it and perform Hajj with it. However, if the commodity is not with the creditor, and you first agree with him, and then he tells you, "I will look for the commodity you want and inform you of its price," or he buys it after agreeing with you, this is not permissible. Know that Hajj is not obligatory upon you as long as you do not have the means; you are not required to borrow money for Hajj. Yes.