The lessor reserves the right to rescind the Ijarah contract in case of excessive damage to or theft of the leased asset.
Leasing To Retailers Of Prohibited Items
If the purpose of the lease is purely prohibited, like a bar or a nightclub, then the lease contract is prohibited because the subject of the...
If the purpose of the lease is purely prohibited, like a bar or a nightclub, then the lease contract is prohibited because the subject of the...
Leasing Shares In Projects
The Shariah permits the bank to lease out its shares in projects to its investors in return for a variable monthly or yearly lease so long as it is...
The Shariah permits the bank to lease out its shares in projects to its investors in return for a variable monthly or yearly lease so long as it is...
It is not lawful for the bank to agree from the beginning of the lease that the lessee will purchase supplies and equipment from the bank at the...
Leases As Financial Rights
It is not lawful for the bank to sell leases because it does not own the right to the usufruct of the leased goods which is the financial right...
It is not lawful for the bank to sell leases because it does not own the right to the usufruct of the leased goods which is the financial right...
Investing Leased Properties
Leased properties are not suitable for offering in an investment fund since the usufruct of the real estate becomes the possession of the lessee...
Leased properties are not suitable for offering in an investment fund since the usufruct of the real estate becomes the possession of the lessee...
Leasing And Managing Leases
It is permissible for Islamic companies to purchase equipment that carries already concluded lease contracts for it.
The lease will...
It is permissible for Islamic companies to purchase equipment that carries already concluded lease contracts for it.
The lease will...
Transfer Of Ownership Of Leased Asset
If a transfer of ownership is to take place at the end of an Ijarah, a document separate and independent of the Ijarah contract must be prepared....
If a transfer of ownership is to take place at the end of an Ijarah, a document separate and independent of the Ijarah contract must be prepared....
Default In Ijarah
Like all other Islamic financial contracts, a penalty for a default in payment cannot be enforced. It is permissible for the lessor to maintain a...
Like all other Islamic financial contracts, a penalty for a default in payment cannot be enforced. It is permissible for the lessor to maintain a...
Transfer Of Corpus And Usufruct In Ijarah
The transfer of the corpus refers to a change in ownership, while the transfer of usufruct refers to a change in the right to use something. The...
The transfer of the corpus refers to a change in ownership, while the transfer of usufruct refers to a change in the right to use something. The...
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