TAWARRUQ CARD 2023

TAWARRUQ BASED CREDIT CARD TAWARRUQ CARD 2023

A Tawarruq card in 2023 is defined by one of the option an Islamic credit card is working to satisfy the demand of Muslim consumers who wish to use payment cards while complying with the Islamic Sharia.

The Tawarruq card principle is based on a deal where the card holder buys a commodity with a deferred repayment term, and after then sells the asset to a third party achieving to obtain immediately cash.

The Twarruq based credit card is a smart way to borrow cash from the bank through an initial purchase and resale the bought commodity to a third party which is accepted by the Sharia since the operation is underlined by goods and not a speculation.

The Tawarruq card in 2023 is the most widely used Islamic credit card in the Muslim world because of its simplicity of use and popularity while following the rules of Islamic Finance.

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