Ijarah

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Ijarah

A type of lease compatible with Islamic law. Under the structure, the owner of a property gives the renter the ability to use the property in exchange for a periodic payment. The owner remains responsible for maintenance. Under an ijarah, the terms of the agreement must be clear and known to both parties.
References in periodicals archive ?
Former Ijara deputy county commissioner Julius Too was arraigned before a Garissa court on Wednesday over the alleged misuse of relief food.
figure By ABDIMALIK HAJIR Four police officers have been injured when they were ambushed by suspected Al-Shabaab militants in Garissa's Ijara Sub-County on Tuesday evening.Garissa County Police Commander David Kerina told the Nation that the officers were escorting a grader when they were ambushed between Sangailu and Handaro in Ijara by heavily armed suspected members of Al-Shabaab.
MANAMA: The Central Bank of Bahrain (CBB) yesterday announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 365 per cent.
Sukuk issuance globally reached $117 billion (Dh430 billion) last year from a total of 811 issues, of which 175 where based on the ijara structure, according to data from Zawya.
The initiative will bring a host of benefits for both Virgin Megastore customers and Baytik Ijara cardholders.
KARACHI, April 23, 2011 (Balochistan Times): The State Bank of Pakistan (SBP) has increased the holding limit of Ijara Sukuk for Islamic and conventional banks by 10 per cent.
Summary: National Bank of Kuwait announced today that the Islamic KD Ijara Fund IV was fully subscribed in the first day of its offering period with a fund size of KD33 million.
Mushtak Parker | Arab News <p>The National Bank of Kuwait (NBK), Kuwait's leading bank, which has one of the most-established stable Islamic leasing funds, has launched its third offering, the Wafra Ijara KWD Fund II since the launch of the first one in May 2009.
Kuwait Finance House-Bahrain (KFH-Bahrain), unveiled a new brand identity for 'Baytik Ijara Card', the first Islamic financing card that allows cardholders to acquire durable goods on a lease-to-own basis.
The state-owned utility company, also called DEWA, is expected to announce today details of the syndicated Islamic financing deal - Ijara or leasing - being coordinated by Emirate NBD, Dubai Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank.
"Musharaka-based sukuk involve market exposure and not solely exposure to default risk as with ijara sukuk," said Rodney Wilson, an Islamic finance specialist with the Qatar Foundation.
Police in Ijara, Garissa county on Sunday killed one suspected al Shabaab fighter and thwarted an attack at the Rural Border Patrol Unit.