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Organised tawarruq valid under Shariah, says prominent Islamic scholar

Posted on 27 July 2009

From Gulf-times.com: The use of the organised tawarruq financing structure does not contradict Islamic law, prominent scholar Sheikh Nizam Yaquby said, disagreeing with a Saudi-based ruling to the contrary.

Tawarruq is a key financing structure of the $1tn Islamic finance industry…………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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