Smart Tawarruq is an application concept that uses two related instruments, namely the use of a smart contract system based on the Bay' Al-Tawarruq guidelines, a type of sale and purchase contract used as one of the instruments in Islamic finance. This study discusses and examines the concepts of Tawarruq and Smart Contract and both in a combination of making it a new concept, Smart Tawarruq. This study also touched on the views of past and contemporary jurists in the ruling of applying Smart Contract with Bay' Al-Tawarruq to realize Smart Tawarruq. In addition, this study discusses how Smart Tawarruq should be implemented as one of the Shariah-compliant products in the Islamic banking world.
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