The Ruling on Tawarruq and Its Conditions
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Question:
He says: I am a young man in need of a sum of money, and I cannot find anyone to lend it to me. I have a decent salary. Do you advise me to do tawarruq? And what are its conditions for it to be permissible?
Answer:
Tawarruq is permissible according to the majority of scholars. It means that you buy a commodity from the lending seller who owns it, paying a deferred price. You then take full possession of it and sell it for a cash price. You benefit from the cash price to meet your need. When the deferred period arrives, you pay off the debt you owe. With these conditions, there is no harm in it according to the majority of scholars, and because the current need calls for this, so that people do not resort to riba (usury or interest) loans. Yes.
He says: I am a young man in need of a sum of money, and I cannot find anyone to lend it to me. I have a decent salary. Do you advise me to do tawarruq? And what are its conditions for it to be permissible?
Answer:
Tawarruq is permissible according to the majority of scholars. It means that you buy a commodity from the lending seller who owns it, paying a deferred price. You then take full possession of it and sell it for a cash price. You benefit from the cash price to meet your need. When the deferred period arrives, you pay off the debt you owe. With these conditions, there is no harm in it according to the majority of scholars, and because the current need calls for this, so that people do not resort to riba (usury or interest) loans. Yes.
Source
لقاء مفتوح [الزلفي] — alfawzan.live (1:01:37)
The Arabic text is a machine transcription of the audio recording.