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Top scholar sanctions Islamic tawarruq structure

Posted on 12 August 2009

From Alibaba.com: Tawarruq must meet the standards of industry body AAOIFI and cannot be a standalone funding tool, a top scholar said, outlining conditions for the use of a structure that has split the sharia banking sector.

Tawarruq is a bedrock of the $1 trillion Islamic finance industry and is widely used as a financing and liquidity management instrument…………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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