Chapter 9: Ijarah
A look into an extensively used Shariah finance structure that was perfected in the 7th century AD including the fair practices of Islamic leasing vs. conventional leasing as well as the risk dynamics of Ijarah.
This week is the start of the explanation of a new subject which is the fourth Shariah sales contract Islamic banks…
More than a couple of times on different occasions I have mentioned in this series that, unlike in conventional banking and…
When I was working in my last conventional bank over two decades ago — a leading UK-headquartered financial institution — I…
Before we commence our discussion on the situation where a customer sells an asset to an Islamic bank and leases it…
As promised, this week I will explain the utilization of an Ijarah contract in the transactions formally known as ‘purchase and…
Welcome back after the Eid Al Adha break. I will try to conclude the topic of a purchase and leaseback transaction…
From today I will begin my explanation of the documentation for an Ijarah transaction in the context of an Islamic bank.…
I had explained in the last article how the treatment to a customer is different in Ijarah home finance compared with…
Today I will finally explain to readers what happens if a property leased under the Ijarah agreement gets destroyed — partially…
I am sure the customers who have utilized Ijarah financing from Islamic banks must have had a field day after going…
After covering the treatment of partial loss to a leased asset in the last article, today I will start explaining how…
I was in the middle of explaining the components of periodic lease rent (or Ijarah installment) in a financial leasing transaction…
To recall, the following is the Shariah position to deal with the major maintenance of a leased asset: • The owner…
After the exhaustive discussion on various uses of the Ijarah or Islamic leasing contract comprising 13 weekly articles, I will now…
I will pick up from where I left off in article 75. To recap, I had stated that as per Shariah…
In the long debate on this very important Islamic financing tool named Ijarah contract, I have covered almost all aspects, including…
The last article dealt with the situation of the total destruction of the leased asset under a forward lease contract. I…
Readers, I am back after a gap of a few weeks since, like everybody else, I too needed a little vacation.…
Readers, I am back after a gap of a few weeks since, like everybody else, I too needed a little vacation.…