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BRIAN KETTELL, the Course Director, worked at the Central Bank of Bahrain for several years and has extensive experience in Islamic banking.
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He has published 16 books on banking and financial markets and over 20 case studies on Islamic banking and finance.

Module 35

Tawarruq and Bai- al- Inah

One major issue within Islamic finance is the need for consumers to get access to cash without paying interest. Tawarruq and Bai al Inah have been developed to deal with this problem. Both contracts involve serious issues of Sharia'a compliance. This module discusses what those issues are and highlights current controversies.