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Home > QFINANCE Dictionary > Definition of tawarruq

Definition of

tawarruq

Finance

sale for cash of item purchased by installments in Islamic financing, an arrangement in which somebody purchases an item from a bank on a deferred payment plan, then sells it immediately to obtain money.

Related definitions of "tawarruq"

Definitions of ’tawarruq’ and meaning of ’tawarruq’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tawarruq’ and other financial terms with our online QFINANCE Financial Dictionary.

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