Tawarruq and Its Ruling
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The third question of Fatwa No. ( 19297 ):
Q3: We request your guidance on the issue of tawarruq, and what is its ruling?
A3: The issue of tawarruq is that one buys a commodity for a deferred price, then sells it for a spot price to someone other than the one from whom he bought it for the deferred price; in order to benefit from its price. This practice is permissible according to the majority of scholars.
Q3: We request your guidance on the issue of tawarruq, and what is its ruling?
A3: The issue of tawarruq is that one buys a commodity for a deferred price, then sells it for a spot price to someone other than the one from whom he bought it for the deferred price; in order to benefit from its price. This practice is permissible according to the majority of scholars.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.