Sat, Dec 20, 2014
A A A
Welcome bhaimia
RSS

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

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031