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Understanding Ijarah in Islamic Finance by ali_zain_7 is a document available to read on EtoBox.

What is Understanding Ijarah in Islamic Finance about?

Ijarah refers to a lease or rent contract. Under an Ijarah contract, a bank allows customers to use assets like vehicles or equipment for a fixed period and price, while maintaining ownership. Basic rules of Ijarah include determining the leased asset, period of use, and responsibilities of each party. Ijarah provides advantages to lessees like conserving capital, tax benefits, and risk transfer to lessors. Variations on Ijarah include Ijarah Thumma Al-Bai

Author

ali_zain_7

Language

EN