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Wrongfulness Of Trading Rental Claims Without Transferring Ownership
What is said of trading rental claims without transferring the proportionate ownership of the leased asset?
Ownership, not the right to claim rent, represents the tradable portion of the certificate. The Shariah permits the trading of assets, not of money, for profit, and a rental claim is a receivable that represents money. So trading rental claims without first transferring ownership is forbidden. But it is acceptable for many buyers seeking ownership and many sellers seeking profit to trade Ijarah certificates like common securities in a capital market.

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