The History of Banking Tawarruq in the Kingdom of Bahrain
Arabic title
تاريخ التورّق المصرفي في مملكة البحرين
A documentary study of the origins of the tawarruq product and the development of its mechanisms in Bahrain’s Islamic banks
Author: Sheikh Dr. Osama Bahar
In Arabic 51 pages PDF 5.5 MB 2026
How was banking tawarruq born in the Kingdom of Bahrain? Where did the idea of tawarruq in diamonds come from? And how did a product once accused of collusion and sham transactions become a financing instrument that the Kingdom’s Islamic banks use every day? Told by one of the founders of the experience, there from its start in 2000, this book follows tawarruq from a paper in fiqh to a complete banking product: from international metals on the London market to diamonds in the markets of Dubai and Manama, by way of the fatwas of Shariah boards, the resolutions of the fiqh academies and the Shariah standard, ending with proposed controls and a view of the future of tawarruq in shares and sukuk.
Details
- Author
- Sheikh Dr. Osama Bahar
- Language
- Arabic
- Length
- 51 pages
- File
- PDF · 5.5 MB
- Year
- 2026
Topics covered
- The concept of tawarruq
- The ruling on tawarruq
- Organised tawarruq and the resolutions of the fiqh academies and the standards
- The first mechanism for implementing tawarruq (international metals)
- The search for a local commodity, and the idea of tawarruq in diamonds
- Raising awareness and understanding of the tawarruq product
- The Islamic banks that implemented tawarruq
- Important controls for implementing tawarruq
- The future of tawarruq and the competing alternatives
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