Banking Tawarruq

By |2023-03-27T09:04:06+00:00September 17th, 2020|Fatwas, Islamic banking and finance|

There are two opinions according to contemporary scholars on the use of tawarruq is Islamic banks: It is not permissible. This is the opinion of International Fiqh Academy and of most contemporary scholars such as Dr Siddiq Darir, Dr Ali Saalus, Dr Sami Al Suwailem, Dr Yusuf Shubayli, Monzer Kahf, and Ahmad Islambuli. They argue [...]