Commodity Murābaḥah or Tawarruq is regarded as a leading Islamic finance Sharīʿah
contract that drives many Islamic finance applications. It is a contract that has
penetrated every single application in Islamic finance either directly or indirectly.
Tawarruq is a contract which is mainly used to create liquidity or cash through various
trading platforms available in the Islamic finance industry. Hence, Tawarruq could be
used for liquidity directly for various financial objectives or indirectly such as financing
for various assets and commodities. A few applications in Islamic finance have been
designed based on Tawarruq because it is regarded as a secure debt financing contract
compared to other types of contracts. This book covers theoretical aspects from the
basic concept, guidelines, Sharīʿah requirements and deeply covers the operational
practices of Tawarruq through various cases and applications in Islamic banking and
finance. The book will look into different standards from different regulatory bodies,
including Shariah Advisory Council of Bank Negara Malaysia and Accounting and
Auditing Organization for Islamic Financial Institutions (AAOIFI).
| Author | Ahcene Lahsasna | ISBN/ISNN | ISBN 978-967-16878-5-7 |
| Publisher | SALIHIN Publication | Year | |
| Category | Edition | First Edition | |
| Sub Category | Pages | 245 | |
| Level | SKU | 0 | |
| Binding | Hardcover | Stock | 100 |
| Language | English | Keyword | Commodity Murabahah, Tawarruq |
