Tawarruq Credit Card Process

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About Course

Welcome to the Tawarruq Credit Card Process e-learning course. This program is designed to immerse you in the complete workflow of how Islamic banks issue, manage, and renew credit cards based on the Tawarruq structure. Throughout the course, you will learn the Shariah principles involved, the operational steps, the documents required, the credit assessment process, the commodity trading mechanism, as well as the billing, ta’widh, and renewal procedures.

The course is divided into six structured topics. Each topic contains lessons written in natural, flowing narrative, followed by case studies, simulations, quizzes, and assignments. As you progress, you will take the role of the customer, the credit officer, and even the bank itself, allowing you to understand the Tawarruq credit card process from all angles.

By the end of this course, you should feel confident explaining how the Tawarruq credit card works, why it is Shariah-compliant, and how every step contributes to ensuring fairness, transparency, and ethical governance in Islamic banking.

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Course Content

📚 TOPIC 1: FOUNDATIONS OF TAWARRUQ CREDIT CARD
In this opening lesson, you are introduced to the world of Islamic banking instruments specifically, the Tawarruq-based credit card. Unlike conventional credit cards that rely heavily on interest-based lending, Islamic credit cards are structured using trade-based contracts, primarily Murabahah, and facilitated through Tawarruq. You will discover how the credit limit is not “borrowed money,” but the result of actual commodity transactions conducted on behalf of the customer. You will begin by understanding the overall process flow from application all the way to renewal. While credit cards may appear simple to the average consumer, the mechanism behind a Shariah-compliant card is far more structured and principled. This course will give you a clear map of how everything works in practice.

  • Understanding Tawarruq and Its Shariah Basis
    00:00
  • Learning Objectives
  • TEST 1

📚 TOPIC 1: FOUNDATIONS OF TAWARRUQ CREDIT CARD (copy)
In this opening lesson, you are introduced to the world of Islamic banking instruments specifically, the Tawarruq-based credit card. Unlike conventional credit cards that rely heavily on interest-based lending, Islamic credit cards are structured using trade-based contracts, primarily Murabahah, and facilitated through Tawarruq. You will discover how the credit limit is not “borrowed money,” but the result of actual commodity transactions conducted on behalf of the customer. You will begin by understanding the overall process flow from application all the way to renewal. While credit cards may appear simple to the average consumer, the mechanism behind a Shariah-compliant card is far more structured and principled. This course will give you a clear map of how everything works in practice.

📚 TOPIC 2: STAGE 1 — APPLICATION PROCESS

📚 TOPIC 3: STAGE 2 — xxx PROCESS

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