What is the ruling on tawarruq?
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Question:
He says, may Allah preserve you, what is the ruling on tawarruq?
Answer:
Tawarruq. The tawarruq of al-Balqa. Tawarruq is permissible according to the majority of scholars in cases of pressing need, if one cannot find someone to lend him a loan that is free of riba (usury or interest). If he cannot find someone to lend him a loan free of riba, he resorts to tawarruq: he buys a commodity on deferred payment, takes possession of it, then sells it to someone other than the creditor, and benefits from its price to meet his need. This is permissible in cases of pressing need, yes, according to the majority of the scholars, yes.
He says, may Allah preserve you, what is the ruling on tawarruq?
Answer:
Tawarruq. The tawarruq of al-Balqa. Tawarruq is permissible according to the majority of scholars in cases of pressing need, if one cannot find someone to lend him a loan that is free of riba (usury or interest). If he cannot find someone to lend him a loan free of riba, he resorts to tawarruq: he buys a commodity on deferred payment, takes possession of it, then sells it to someone other than the creditor, and benefits from its price to meet his need. This is permissible in cases of pressing need, yes, according to the majority of the scholars, yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [292 -582] ما حكم التورق؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.