Research Output | Dar Al-hikmah Library | IIUM Only
The renowned Muslim economist Prof. Nejatullah Siddiqi lists the harmful effects of tawarruq. He also dictates that the approval of tawarruq may benefit individuals. However, if this is practised on a large scale, it would result in the proliferation of debt in the society, which would bring macroeconomic instability.Thus, before deciding on the Sh