Is tawarruq permissible in sales, and what is its nature? What are the types of sales?
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Question:
Is tawarruq permissible in sales, and what is its nature? What are the types of sales?
Answer:
Answer: There is scholarly disagreement regarding tawarruq, and the majority hold that it is permissible for pressing need, subject to conditions. The first condition is that the commodity must be in the ownership of the creditor-seller before the contract. The second condition is that the borrower must take possession of it from the creditor and sell it to someone other than the creditor to benefit from its price, and then, when the term expires, he must pay its value to the creditor. These two conditions are that it must be owned by the seller-creditor before the contract, before he contracts it with the borrower, and that the borrower must take possession of it and sell it to someone other than the creditor.
Is tawarruq permissible in sales, and what is its nature? What are the types of sales?
Answer:
Answer: There is scholarly disagreement regarding tawarruq, and the majority hold that it is permissible for pressing need, subject to conditions. The first condition is that the commodity must be in the ownership of the creditor-seller before the contract. The second condition is that the borrower must take possession of it from the creditor and sell it to someone other than the creditor to benefit from its price, and then, when the term expires, he must pay its value to the creditor. These two conditions are that it must be owned by the seller-creditor before the contract, before he contracts it with the borrower, and that the borrower must take possession of it and sell it to someone other than the creditor.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.