تلخیص
The missions of Islamic shariah finance are to provide financial instruments and
transactions for Muslim not to commit with usury, interest payment and gambling in their
business life .the source of knowledge is taken from Quran, Sunnah, ljma and Qiyas, and the
main structure of the market is based on sharing the cost and benefit for simplicity, shariah
means Islamic law, and Islamic finance is known as shariah compliant finance. Thereby
Islamic banking and finance is secured by shariah and its interpretation.
The development of Islamic banking system in offering the products which is based on the
shariah principles. There are many new products being introduced as alternatives to
conventional ones. Other side the issue of liquidity risk management is very sensitive in the
banking system to satisfy the need of asset and liability .since Islamic bank is free interestbased system which cannot use conventional product as their liquidity risk management.
Thereby Islamic bank introduced Tawarruq as a solution for liquidity risk management. The
main object of this paper is to introduce the real Tawarruq concept for Islamic bank to
manage its liquidity.
Dr.Mufti Shafqat Ullah khan, Dr.Syed naeem Badshah. (2019) Tawarruq, as a Product for Liquidity Risk Management, its Concept and Practical Approach, Acta Islamica, Volume-07, Issue-2.
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