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Malaysia’s RHB launches Islamic tawarruq product

Posted on 13 August 2009

From Reuters: Malaysian sharia bank RHB Islamic launched an Islamic tawarruq financing instrument on Wednesday that uses telecommunication airtime as its underlying asset.

Tawarruq is an asset sale to a purchaser with deferred payment terms. The purchaser then sells the asset to a third party to get funds…………Full Article: Source

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


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