Professional Documents
Culture Documents
Chap 09 - Ijara
Chap 09 - Ijara
IJARAH
TYPES OF IJARAH
Acquisition of Asset
Subject Matter
Subject Matter
Execution of Ijarah
Duration
No rental is due for the period between the contract date and
the date of actual delivery, if the lessor fails to deliver the
asset on the date specified in the Ijarah contract.
Ijarah-Maintenance
Major Maintenance
Ordinary Maintenance
Guarantees
Delay in Payment
Termination of Contract
VENDOR
BANK
Payment of PurchaseISLAMIC
Price
Agreement-1
CUSTOMER
VENDOR
Transfer of Title
ISLAMIC BANK
Agreement-2
CUSTOMER
Transfer of Ownership
Application
For long and medium term fixed asset financing like plant,
equipment, generators etc.
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