A loan from some banks called tawarruq? The question
Machine translationRead the Arabic original
Question:
A loan from some banks called tawarruq?
Answer:
Answer: Tawarruq is when one buys a commodity for a deferred price and then sells it for a spot price to someone other than the creditor, i.e., someone other than the one from whom he bought it. He sells it to another person to benefit from its price. This is the issue of tawarruq, and it is permissible according to the majority of scholars out of pressing need, if he has a need for it.
A loan from some banks called tawarruq?
Answer:
Answer: Tawarruq is when one buys a commodity for a deferred price and then sells it for a spot price to someone other than the creditor, i.e., someone other than the one from whom he bought it. He sells it to another person to benefit from its price. This is the issue of tawarruq, and it is permissible according to the majority of scholars out of pressing need, if he has a need for it.
Source
www.alfawzan.af.org.sa
The Arabic text is copied verbatim from the original source, without any edits.