التورق المصرفي بين الموافقة الشرعية و الكفاءة في إدارة سيولة المصارف الإسلامية

الملخص EN

This study aims to address the problem of combining Shariah compliance and adequacy of liquidity management in Islamic banks when using tawarruq.

It seeks to discover whether Islamic banks are in fact able to combine the two.

The study found that Islamic banks have significantly developed tawarruq until it has reached a level of efficiently managing excesses and deficits of liquidity, but that was ac- complished at the expense of Shariah compliance.

The more distant tawarruq got from Shariah standards, the more efficient it became.

Islamic banks will not be able to combine the two because they are contradictory.

This is especially true in the international markets.

It is so on a lower level in local markets, where a relatively better combination can be achieved, but that is only in relative terms.