The Issue of Tawarruq and Its Two Conditions
Machine translationRead the Arabic original
Question:
He says: I took a loan from the National Bank, and I sold it from its time. What is the ruling on this action?
Answer:
What is this loan, my brother? This is the issue of tawarruq. This is a purchase: you bought a commodity from the bank, took possession of it, and sold it to someone other than the bank for a cash price in order to pay your needs, and then you repay the bank the deferred price. This is called the issue of tawarruq. You do it when there is a need; there is no harm in that, provided two conditions are met. The first condition is that the seller must own the commodity before the contract. The second condition is that you take possession of it and move it from the seller’s location, and sell it in another location to someone other than the creditor. Yes.
He says: I took a loan from the National Bank, and I sold it from its time. What is the ruling on this action?
Answer:
What is this loan, my brother? This is the issue of tawarruq. This is a purchase: you bought a commodity from the bank, took possession of it, and sold it to someone other than the bank for a cash price in order to pay your needs, and then you repay the bank the deferred price. This is called the issue of tawarruq. You do it when there is a need; there is no harm in that, provided two conditions are met. The first condition is that the seller must own the commodity before the contract. The second condition is that you take possession of it and move it from the seller’s location, and sell it in another location to someone other than the creditor. Yes.
Source
لقاء مفتوح بالطائف 12-07-1434هـ — alfawzan.live (31:27)
The Arabic text is a machine transcription of the audio recording.