Can the bank sell the commodity on my behalf in a tawarruq transaction? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Can the bank sell the commodity on my behalf in a tawarruq transaction?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

An agency agreement may be involved in the sale, but you must understand that it's a legal and contractual step with real meaning, not just a formality.

Ask: When did I acquire ownership of the item?

Who authorized whom to sell it?

And to whom was it sold?

Understanding this is more important than memorizing contract names.

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