What is Tawarruq concept?
Regarding this, what is the difference between Murabaha and Tawarruq? Murabaha, on the other hand, is generally used for longer-term loans such as the purchase of a house or car. Traditionally, Tawarruq was a transaction that involved three parties (the bank, the customer and the broker) and Murabaha involved four (the bank, the customer, broker…