May a person, who fears that the prayer time will pass until he finishes performing minor ablution, establish prayer with tayammum although there is water?

It is not permissible to establish with tayammum the prayers such as Friday prayer and daily prayers for which qada prayers can be established when missed, if one has the opportunity to perform minor ablution. Because if a person misses these prayers when he performs ablution, he may establish dhuhr prayer in place of Friday prayer and qada prayer in place of daily prayers (Marghinani, al-Hidayah, I, 187). However, a person who fears that he will miss funeral and eid prayers if he performs ablution may attend these prayers by performing tayammum.

According to the opinion preferred in the Maliki school, if the time of one of the fardh prayers will pass when ablution or ghusl is performed, one may establish this prayer by performing tayammum even though he has the means and opportunity to perform ablution. (Nafrawi, al-Fawakih al-Dawani, I, 239)

Source: Presidency Of Religious Affairs The Turkey, High Board of Religious Affairs FATWAS

In Which Situations Tayammum Can Be Performed Instead Of Ablution?