Tawarruq and its ruling

A: The Tawarruq transaction is to buy a commodity with a postponed price after which the purchaser sells the product to a third party in cash and benefits from its price. This is a permissible transaction according to the Jumhur (dominant majority of scholars). (Part No. 13; Page No. 162)  May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.