Tawarruq time deposit with wakalah principle: an option that triggers new issues

Abdul Ghafar Ismail, Nik Abdul Rahim Nik Abdul Ghani, Mat Nor Mat Zain
  • International Journal of Islamic and Middle Eastern Finance and Management, August 2016, Emerald
  • DOI: 10.1108/imefm-05-2014-0048

alternative for existing deposit products

What is it about?

The paper provides an example of the application of tawarruq in designing the Islamic banking products.

Why is it important?

The paper highlights the issues that may arise due to the application of tawarruq

Perspectives

Professor Abdul Ghafar Ismail
Islamic Economic Studies and Thoughts Centre

We have been applying this concept in designing the Islamic banking products. It is workable.

Read Publication

http://dx.doi.org/10.1108/imefm-05-2014-0048

The following have contributed to this page: Professor ismail abdul ghafar, Professor Abdul Ghafar Ismail, and Nik Abdul Rahim Nik Abdul Ghani