Tawarruq

Tawarruq is an extensively used Islamic financial product which allows clients to raise money quickly and easily, in theory without breaking Muslim bans on interest. A customer buys an easily saleable asset from an Islamic bank at a marked up price, to be paid at a later date, and quickly sells the asset to raise cash. The mark-up acts as a earning for the bank.

It is one of the key Islamic Lines of Business for which Nucleus Software has a comprehensive integrated solution using our unmatched domain expertise and customer insight.