12.08.2009 - Top scholar sanctions Islamic tawarruq structure
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