Browse one of the world's largest database of Islamic finance Q&As available online.
Search Results
Obligations On Lessee Regarding Leased Asset
The lessee should utilize the leased asset according to the customary practice by which similar assets are used. He should take all measures to...
The lessee should utilize the leased asset according to the customary practice by which similar assets are used. He should take all measures to...
The lessee has the right to rescind the Ijarah contract in case the lessor refuses to repair any defects in the leased asset that occurred either...
Lessor’s Right To Withhold Leased Asset
The lessor is entitled to withhold the leased asset if the lessee delays payment, as long as the benefit from the usufruct of the property or the...
The lessor is entitled to withhold the leased asset if the lessee delays payment, as long as the benefit from the usufruct of the property or the...
Obligation Of Lessor To Deliver Leased Asset
The lessor is obliged to deliver the asset and all associated leased items necessary to transfer the usufruct to the lessee and leave it to the...
The lessor is obliged to deliver the asset and all associated leased items necessary to transfer the usufruct to the lessee and leave it to the...
If damage is not due to the lessee’s negligence, it is borne by the lessor.
If damage is not due to the lessee’s negligence, it is borne by the lessor.
Responsibility Of Lessor and Leased Asset Defect
It is the responsibility of the lessor to undertake all necessary repairs that enable the lessee to make use of the asset in accordance with the...
It is the responsibility of the lessor to undertake all necessary repairs that enable the lessee to make use of the asset in accordance with the...
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.
Disclaimer: Although care has been taken in preparing the information contained in this Q&A database, Ethica Institute of Islamic Finance cannot guarantee the accuracy thereof. Anyone using the information does so at their own risk and shall be deemed to indemnify Ethica Institute of Islamic Finance from any and all injury or damage arising from such use. One should double check with a qualified scholar to see whether the Q&A applies to one's particular situation.
ASK AN ISLAMIC FINANCE QUESTION
Each question is reviewed by an Islamic finance expert and approved by a scholar.
