Tawarruq transactions in terms of Islamic Law

There are various financing methods which have emerged in parallel with social needs throughout the history. The economic life that reshaped with Islam has necessitated reexamination of the financial system's rules being inherited. Being a religious necessity of conducting economic activities within the divine criteria in Islam and the idea of accountability emerged corresponding to this requirement have always motivated Muslims who are in quest of financing to find a legitimate ground. Tawarruq and the financing methods related to this concept which are the main focus of this research are essentially the result of such an effort. In this study, which deals with tawarruq transactions from the Islamic Law perspective, it is aimed at questioning the implementation which has been appealed with the thought that it has been an alternative financing model from the past to the present in terms of legitimate foundations. In this study which consists of three parts, conceptual analysis of Tawarruq and its classical individual implementations, organized forms that are being applied in today's participation banking sector, some modern financing methods based on Tawarruq and the ongoing searches for the alternative models are discussed.