Explanation of Tawarruq and Its Conditions
Machine translationRead the Arabic original
Question:
Honorable Shaykh Salih, we conclude this episode with this question. The questioner says: What is tawarruq (a commodity sale used to obtain cash) and what is its ruling?
Answer:
Tawarruq is when a person in need who wants money and has nothing comes to a merchant and buys a commodity from him for a deferred price, then takes possession of it from him and sells it, benefiting from its price. This is the issue of tawarruq with conditions. First, the commodity must be the property of the seller at the time of sale. The second condition is that the borrower takes possession of it, taking full possession, and moves it from the location of the lender, and sells it elsewhere to someone else, benefiting from its price. Yes.
The presenter:
May Allah reward you and bless you, and with your knowledge. I ask Allah the High, the Mighty, to place that in your scales of good deeds.
Honorable Shaykh Salih, we conclude this episode with this question. The questioner says: What is tawarruq (a commodity sale used to obtain cash) and what is its ruling?
Answer:
Tawarruq is when a person in need who wants money and has nothing comes to a merchant and buys a commodity from him for a deferred price, then takes possession of it from him and sells it, benefiting from its price. This is the issue of tawarruq with conditions. First, the commodity must be the property of the seller at the time of sale. The second condition is that the borrower takes possession of it, taking full possession, and moves it from the location of the lender, and sells it elsewhere to someone else, benefiting from its price. Yes.
The presenter:
May Allah reward you and bless you, and with your knowledge. I ask Allah the High, the Mighty, to place that in your scales of good deeds.
Source
نور على الدرب - الفوزان - 03/197 — archive.org (19:16)
The Arabic text is a machine transcription of the audio recording.