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Islamic Lease Financing (Al-Ijarah)

  • Mohd Ma’Sum Billah
Chapter

Abstract

The basic meaning of Ijarah is “the contract to use the usufruct of a permissible thing for a known counter value”. Hence, the main subject of Ijarah is usufruct (manfa’ah), and not real object (’ain), taken in lieu of the payment of a countervalue (’iwadh). The term Ijarah is used for two different situations.

References

  1. Ali, E. R. (n.d.). Islamic Banking Tools: The Shari’ah Principles.Google Scholar
  2. Bank Muamalat Malaysia Berhad. (2000). Al-Ijarah Financing Procedures. Kuala Lumpur.Google Scholar
  3. Bank Negara Malaysia. (2001). Frequently Asked Questions on the Aitab Financing Scheme. News Strait Times Press.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Islamic Economics InstituteKing Abdulaziz UniversityJeddahSaudi Arabia

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