ISSN: 2222-6990
Open access
Smart Tawarruq is an application concept that uses two related instruments, namely the use of a smart contract system based on the Bay' Al-Tawarruq guidelines, a type of sale and purchase contract used as one of the instruments in Islamic finance. This study discusses and examines the concepts of Tawarruq and Smart Contract and both in a combination of making it a new concept, Smart Tawarruq. This study also touched on the views of past and contemporary jurists in the ruling of applying Smart Contract with Bay' Al-Tawarruq to realize Smart Tawarruq. In addition, this study discusses how Smart Tawarruq should be implemented as one of the Shariah-compliant products in the Islamic banking world.
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In-Text Citation: (Sallahuddin & Ghani, 2023)
To Cite this Article: Sallahuddin, I. I. A., & Ghani, N. A. R. N. A. (2023). Potential of Smart Tawarruq in Islamic Banking: A Literature Review. International Journal of Academic Research in Business and Social Sciences, 13(6), 1439 – 1446.
Copyright: © 2023 The Author(s)
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