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 ?

The Modaraba is a multipurpose perpetual modaraba and is primarily engaged in ijarah financing, musharikah, murabaha, musawamah, modaraba, equity investment, Ijarah and trading activities.

Board of directors meeting of First Al-Noor Modaraba

ENPNewswire-August 27, 2019--Maisarah Introduces Ijarah Financing Product for Corporate Customers

Maisarah Introduces Ijarah Financing Product for Corporate Customers

MANAMA: Bahrain Bourse (BHB) is listing 15 treasury bill issues and short-term Islamic lease (Ijarah) sukuk worth BD982 million today.

15 treasury bills to be listed on bourse

Under this agreement, Meezan Bank will provide additional value-added services of priority processing as well as fast track delivery of Toyota vehicles to customers of Meezan Car Ijarah, Pakistan's first Riba-free car financing product.

Meezan Bank, Indus Motor Company sign business deal

In Saudi Arabia, an Ijarah Sukuk was issued by Saudi Electricity Global Sukuk Company to finance the purchase of Ijarah assets in the power and utilities sector.

Sukuk can be floated for funding Diamer-Bhasha dam

Muzn Education Finance is based on the Islamic principle of Service Ijarah. The Bank acquires the service from the educational institution, school or university of choice, provided they fulfill the bank's set criteria and terms of conditions.

Muzn Islamic Banking Promotes Quality Education Through Education Finance

With the listing of those issues, the total number of Treasury Bills and Short-Term Islamic Lease (Ijarah) Sukuk listed at Bahrain Bourse became 23 issues with a total value of BD1.374billion.

BHB lists 6 Treasury Bill issues, short-term Islamic lease Sukuk

KARACHI -- Meezan Bank, Pakistan's first and largest Islamic bank hosted the Car Ijarah Dealers' Convention 2018 - A 10-day convention that hosted manufacturers and dealerships in Karachi, Multan, Faisalabad, Lahore, Islamabad and Peshawar.

Meezan Bank hosts Country-wide 'Car Ijarah Dealers Convention-2018'

The reduced rate aims to offer a speedy solution for people looking for ethical financing for home ownership, customers opting for the competitive rate will be able to purchase their property of choice under the principles of Ijarah financing, reported local daily, Times of Oman .

Bank Nizwa reduces property financing rate

The SECP had earlier notified three Islamic financial accounting standards for adoption: IFAS 1-Morabahah, IFAS 2- Ijarah, and IFAS 3- Profit and Loss Sharing on Deposits in 2005, 2007 and 2013, respectively.

SECP notified new AAOIFI Shariah standards for public consultation

This included IFAS 1 Murabaha, IFAS 2 Ijarah, and IFAS 3 Profit and Loss Sharing on Deposits in 2005, 2007 and 2013, respectively.