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Security In An Ijarah The promise of the lessee to enter into a contract after the arrival of the asset is secured by the payment of a deposit known as the Haamish...
	The promise of the lessee to enter into a contract after the arrival of the asset is secured by the payment of a deposit known as the Haamish...

Rulings On Title Of Ownership Of Leased Assets Upon acquiring an asset, particularly for the purpose of an Ijarah Muntahayya bi Tamleek, the bank assumes the title of ownership. When the lease...
	Upon acquiring an asset, particularly for the purpose of an Ijarah Muntahayya bi Tamleek, the bank assumes the title of ownership. When the lease...

Offering To Sell The Leased Asset At Specified Time For Specific Price It is permissible to issue an offer in which a time is specified for the sale of the leased asset for a certain price. The one making the offer is...
	It is permissible to issue an offer in which a time is specified for the sale of the leased asset for a certain price. The one making the offer is...

Transferring Ownership Of Corpus Of Leased Asset To New Buyer It is lawful for the bank to sell the leased equipment and supplies to a new buyer since doing so does not affect the lease contract. Ownership of...
	It is lawful for the bank to sell the leased equipment and supplies to a new buyer since doing so does not affect the lease contract. Ownership of...

Conditions For A Sublease The usufruct of an asset may only be subleased by the lessee with the owner's consent. The revenue generated by the sublease is distributed among...
	The usufruct of an asset may only be subleased by the lessee with the owner's consent. The revenue generated by the sublease is distributed among...

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...

Difference Between Conventional Hire Purchase And Islamic Lease With Option To Purchase 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...
	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...

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