17 August 2009 Despite the confusion caused by the recent resolution published by the Makkah-based International Council of Fiqh Academy (ICFA), an organ of the Organization of Islamic Conferences ...
June 2007 Tawarruq is the mode through which some Islamic financial institutions (IFI) facilitate the supply of cash to their clients. The client buys X on deferred payment from the IFI and sells X ...
KUALA LUMPUR (Reuters) - Islamic banks are expected to move more deeply into riskier, equity-based financing as they seek alternatives to controversial debt mechanisms like the tawarruq, a prominent ...
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