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Permissibility Of Sale And Lease Back
In order for a sale and lease back transaction to be Shariah-compliant, and not be analogous to a buy back, the period of lease before the asset is...
In order for a sale and lease back transaction to be Shariah-compliant, and not be analogous to a buy back, the period of lease before the asset is...
No they are not the same. A conventional hire purchase is not permissible in Shariah because the sale occurs at the end of the hire period although...
Ijarah Asset Possession
In an Ijarah, the lessor is the sole owner of the asset. The lessee is given usufruct of the asset for a particular usage over a particular period...
In an Ijarah, the lessor is the sole owner of the asset. The lessee is given usufruct of the asset for a particular usage over a particular period...
The property (or service) may only be used for its intended purpose, or as agreed upon with the lessor.
Leasing Of An Asset To Multiple Lessees
It is permissible to lease the same asset to more than one lessee. If the lease terms are of identical duration, both lessees are entitled to...
It is permissible to lease the same asset to more than one lessee. If the lease terms are of identical duration, both lessees are entitled to...
It is permissible for the lessor to include a clause in the Ijarah contract making the lessee responsible for insuring the leased asset.
Absolving Lessor From Responsibilities
It is not permissible to include provisions in an Ijarah contract that absolve the lessor from his responsibilities towards the leased asset.
It is not permissible to include provisions in an Ijarah contract that absolve the lessor from his responsibilities towards the leased asset.
Restrictions On Rental Usage
The owner is entitled to specify how the property may or may not be used or the rented service conducted.
The owner is entitled to specify how the property may or may not be used or the rented service conducted.
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