Using Tawarruq, an Islamic contract, to build high-tech “local” manufacturing industries

Tawarruq is a debt instrument offered in Islamic finance in which a financial institution sells a commodity to a consumer on a deferred payment at cost plus profit, and the customer then sells the commodity on a spot basis to a third party for cash. Tawarruq was often linked to cases of individuals with dire ...

Estimating Sales for an innovation using A.T.A.R. financial forecasting model

How do you estimate sales for your product during the fuzzy front end of innovation (stages from ideation to prototype development)? Here’s how we have done for one of our products that we conceived and field tested functional prototypes: The product is a surgical blade developed using high grade alloy steel with precision machining. Note: ...