Ijarah(Leasing) 

Ijarah(leasing)

Is an opiating lease whereby the bank buy and lease out equipment or asset required by the customer for an agreed rental fee. Ijarah means “to give something on rent or to provide some service for consideration”. The agreement shall include a promise that the leased asset will be transferred to the lessee at the end of the lease term. Lexically, Ijarah means “to give something on rent or to provide some service for consideration”.

 

Basic rules of Ijarah

  • It is necessary for valid leases property remains in the ownership of the lessor.
  • The period of lease must be determined in clear terms.

The lease period shall start from the date on which the leased asset has been delivered.

Open a Bank Account Online Today

Need more help?

8980
251 115-57-12-54
251 115-57-13-24
Call us, we’re available daily 9AM to 11PM

Already a customer?

You can find branches near you here or contact us for information here

Try Our App

A full features banking mobile app for bussiness & personal use.

Mar 19, 2024 EXCHANGE Rate
Currency Buying Selling
USD
56.5636 57.6949
GBP
68.8031 70.1792
EUR
61.6713 62.9047
AED
13.9373 14.2160
SAR
13.6492 13.9222
CHF
61.1896 62.4134

Exchange Rate
Close