Prohibited Sales and the Sale of Tawarruq
Machine translationRead the Arabic original
Question:
This person is asking about sales. Honorable Shaykh, which of these sales are prohibited, and is the sale of tawarruq (a commodity sale used to obtain cash) permissible?
Answer:
Many sales are prohibited, such as those involving gharar (excessive uncertainty in a contract), those involving deception, those involving ignorance of the terms, and those where the seller does not own the item or is not authorized to sell it. There are seven conditions for a valid sale, which you should review. If the seven conditions for a sale are met, the sale is valid. If one of them is missing, the sale is invalid.
This person is asking about sales. Honorable Shaykh, which of these sales are prohibited, and is the sale of tawarruq (a commodity sale used to obtain cash) permissible?
Answer:
Many sales are prohibited, such as those involving gharar (excessive uncertainty in a contract), those involving deception, those involving ignorance of the terms, and those where the seller does not own the item or is not authorized to sell it. There are seven conditions for a valid sale, which you should review. If the seven conditions for a sale are met, the sale is valid. If one of them is missing, the sale is invalid.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (064) لمعالي الشيخ صالح الفوزان بتاريخ [1435-08-20] - كبار العلماء — youtube.com (50:42)
The Arabic text is a machine transcription of the audio recording.