“This structure suggestively allows the institution to generate a legitimate profit, as it does not involve qaṛd as the underlying contract for profit generating. In fact, the profit is purely generated from a mark-up sale via tawarruq arrangement that the parties entered. However, this structure associates the issue of organized tawarruq (tawarruq munazzam), which is controversial in terms of its legitemacy. In principle, the majority of Sharicah scholars approve the permissibility of the classical tawarruq contract.”