What is tawarruq? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is tawarruq?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Tawarruq is a liquidity method involving purchasing a commodity on credit and then selling it to a third party for cash.

Inquire about the commodity, its ownership, the seller, and the total amount to be paid; these should be genuine transactions, not just names on paper.

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