An Islamic Approach to Overcome Cash Liquidity Crisis in Libya
Al Tawarruq as a Solution
DOI:
https://doi.org/10.54172/apk0x526Keywords:
usury, Al Tawarruq, mohatra contract, deferred salesAbstract
The research deals with a legal transaction suitable to solve the crisis, the lack of cash liquidity in Libya through its legal rooting, and the difference between it and the sales of deferred terms and samples that Sharia prohibits. The research aims to relieve this transaction as a legitimate solution that fears Muslims will fall into transactions disturbed by what defames its legitimacy, such as usury and others. This study employed a descriptive and analytical approach, and it was concluded with the following results: 1. Tawarruq is a legal form that can be used to solve the problem of scarcity of cash shortage in Libyan banks. 2. Tawarruq is a different form of mohatra contract, which most scholars forbid. 3. Forms of conducting Tawarruq contracts are diverse and can be benefited from, provided that suspicions are avoided.
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Copyright (c) 2024 Mohammed Younus (Author)
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