Ijarah

The Ijarah product is our leasing counterpart that allows the lease of an article for a specified permissible benefit. This benefit is given to our customers in the form of a usufruct for a specified period in return for a specified consideration or in the form of hiring a person’s specified service for a specified consideration. We undertake the transfer the ownership of the item to the customer once the agreed payments of the Ijarah Contract have been fulfilled.

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