Tawarruq credit card is one of the option Islamic credit card are working to satisfy the demand of Muslim consumers who wish to use payment cards while complying with the Sharia.
Twarruq credit card principles 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.
Twarruq 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.
Tawarruq credit card is the most widely used Islamic credit card in the Muslim world because of its simplicity of use and popularity.
QARD El HASSAN CARD BAY AL INAH CARD TAWARRUQ CARD MURABAHA CARD TAKAFUL CARD CASH BACK CARD PREPAID CARD REWARD CARD LIBYA QATAR PHILIPPINES UNITED-KINGDOM UNITED-STATES CANADA BANGLADESH NIGERIA TURKEY IRAN EGYPT INDIA CHINA ABU-DHABI BAHRAIN DUBAI INDONESIA MALAYSIA PAKISTAN R.A.K SAUDI-ARABIA SHARJAH IRELAND LIBYA QATAR AUSTRALIA