Bank Negara Malaysia Shariah Advisory Council — Tawarruq ruling
Bank Negara Malaysia — Shariah Advisory Council (SAC)
What this source says
The Shariah Advisory Council of Bank Negara Malaysia (the highest Shari'ah authority for Islamic finance in Malaysia, established May 1997) has issued rulings on tawarruq and bai' inah. At its 199th meeting (26 November 2019) the SAC ruled that tawarruq executed via Straight-Through Processing is permissible subject to conditions on the sequence of transactions and the existence of a genuine underlying asset.
Wording inside quotation marks is quoted from the source. The rest is this notebook’s summary of it — read the original before relying on it.
Provenance
- Source
- Bank Negara Malaysia, Shariah Advisory Council, 199th meeting (26 Nov 2019)
- School / basis
- Comparative
- Added
- 2026-06-03
- Trust
- A position recorded from a named, published source — reported accurately, not independently adjudicated.
Compiler’s note
Paraphrase of the documented SAC ruling (not a verbatim quote of its text).
Topics
islamic-financetawarruqstandardsstructuresmalaysia
This is source material, not a ruling. The corpus records what a named source actually said, so that you can read it yourself and take it to a scholar you trust. Ask the corpus to search all entries at once, or return to the library.