التورق المصرفي المنظم و آثاره الاقتصادية

Abstract EN

Al-Tawarruq is a transaction where one party buys some goods on credit at a marked-up price and sells the same at a lesser value for the purpose of getting cash.

Al- Tawarruq is divided into two main types : individual Tawarruq which is permitted by jurists if it is done without a previous agreement between the deal parties.

The other type of Al- Tawarruq is "organized Tawarruq" which is a financial service provided by Islamic banks for its clients within a previously organized contractual procedures.

These procedures enable Al- Mutawarriq to get cash as banks become an additional mediator part in the whole process.

The majority of jurists have prohibited this type of Al- Tawarruq due to the big difference of the Al- Tawarruq carried out by Islamic banks compared to the individual one.