تو رُّق کی صورتیں اور اس کے جواز و عدمِ جواز پر علماء کی آراء کا تجزیہ

"Twarruq" is an Arabic term that refers to a financial practice that involves purchasing an asset using a deferred payment plan, and then selling that asset immediately for cash to a third party often at a discount. This practice has several types, including personal twarruq and organized twarruq. Personal twarruq involves an individual using the practice for personal financial needs, while organized twarruq involves institutions or corporations using it as a financing mechanism. There are differing views among Shariah jurists regarding the permissibility of twarruq. Some argue that it is permissible in certain circumstances, such as when there is a genuine need for financing and the transaction is not intended to circumvent Shariah principles. Others argue that it is not permissible, as it involves the creation of an artificial transaction solely for the purpose of obtaining financing. Overall, the permissibility of twarruq is a complex issue that requires careful consideration of the specific circumstances surrounding each transaction. Shariah-compliant financial institutions must navigate these complexities to ensure that they are adhering to Shariah principles while still providing needed financing to their customers. In conclusion, twarruq is a financial transaction that has gained popularity in Islamic finance. Organized twarruq has emerged as a preferred form of twarruq due to its ability to address the challenges associated with unorganized twarruq. Its use has facilitated access to financing for those who cannot access traditional forms of financing, thereby contributing to the growth of the Islamic finance industry.