Selling non-existent minerals: a stratagem to circumvent riba

Question:
(peace and blessings be upon him) and (peace and blessings be upon him). And he said: It is obligatory that we place it in the houses, then the cold killed Bashir, and then you see the nose of the place.

Answer:
This is a lie; it is not correct. They do not have any minerals, but they deceive the people by saying, "We have minerals and we will sell them to you." Where are they? Are they all in Bahrain, or I do not know where they are? They say, "We will sell them to you, take the price, and give them to you." This is a sale of money for money, but they mention iron as a stratagem, or there is no iron and nothing at all. This is lying and deceiving regarding riba, and throwing dust in the eyes, as they say, meaning they are deceiving people to this extent. This is not permissible. The one who issued this fatwa is mistaken. May the people of knowledge, the highest among people, fear Allah in these matters. Yes.