Ijarah, (Arabic: الإجارة, al-Ijārah, "to give something on rent"[1][2] or "providing services and goods temporarily for a wage"[3] (a noun, not a verb)), is a term of fiqh (Islamic jurisprudence)[1] and product in Islamic banking and finance.
In traditional fiqh, it means a contract for the hiring of persons or renting/leasing of the services or the “usufruct” of a property, generally for a fixed period and price.[4] In hiring, the employer is called musta’jir, while the employee is called ajir.[1]Ijarah need not lead to purchase. In conventional leasing an "operating lease" does not end in a change of ownership, nor does the type of ijarah known as al-ijarah (tashghiliyah).[4]
In Islamic finance, al Ijarah does lead to purchase (Ijara wa Iqtina, or "rent and acquisition") and usually refers to a leasing contract of property (such as land, plant, office automation, a motor vehicle), which is leased to a client for stream of rental and purchase payments, ending with a transfer of ownership to the lessee, and otherwise follows Islamic regulations.[4]
^ abcUsmani, Introduction to Islamic Finance, 1998: p.109
^"Islamic Glossary. Ijarah". Islamicity. Retrieved 19 August 2017.
^Jamaldeen, Islamic Finance For Dummies, 2012:157
^ abcFatma, Asma. "MEANING OF IJARAH". academia.edu. Retrieved 21 July 2016.
Ijarah, (Arabic: الإجارة, al-Ijārah, "to give something on rent" or "providing services and goods temporarily for a wage" (a noun, not a verb)), is a...
wadiah (safekeeping), musharaka (joint venture), murabahah (cost-plus), and ijarah (leasing). Sharia prohibits riba, or usury, generally defined as interest...
Bank of Richmond. UIF currently offers financing, including murabaha and ijarah, in Arizona, California, Colorado, Connecticut, Delaware (Commercial Financing...
62%) Bank Syariah Muamalat Indonesia – Indonesia (with ownership of 22%) Ijarah Indonesia Finance Company – Indonesia (with ownership of 33.33%) United...
International (newspaper). 3 May 2019. Retrieved 17 May 2021. "IFC pledges $35mln Ijarah financing for Engro project". The News International (newspaper). 9 November...
principles of bai’ (buy and sell), musharakah (equity sharing), mudarabah, and ijarah (rent). Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia...
used in Islamic banking. It is a synthesis of three contracts: shirkat, ijarah and sale. Under this mode, banks supply goods on rental basis. Ownership...
banks. Starting in 2006 the Brunei Government issued short-term Sukuk Al-Ijarah securities. As of 2017 they have issued B$9.605 billion worth. On 8 May...
jizya in 1704 in response to Maratha raids. The Mughals ended tax-farming (ijarah), which had been the predominant taxation system in the Sultanate era, and...
Lamu and 180 km south of Garissa. Ijara means rent in Arabic. Ijara (or Ijarah) is also a sharia-compliant form of mortgage similar to conventional rent-to-own...
Duty Land Tax from being effective where the transaction was part of a Ijarah financing arrangement and 'alternative property finance relief' had been...
All of its products are based on Islamic financial principles such as Ijarah, Istisnaa, Murabaha, Mudharaba, Musharaka, Kafalah and Wakala and its practices...
musharakah partnership contract and two other Islamic contracts – usually ijarah (leasing by the bank of its share of the asset to the customer) and bay’...
murabahah and ijarah, which in theory should only be used when risk-sharing is impractical. Then by ignoring the rules of murabahah and ijarah themselves...
to be mortgages "dressed up in Arabic terminology"—such as Mudarabah, or Ijarah (lease agreements) -- being declared Sharia compliant. Mahmoud El-Gamal...
Various financing products are available for investments, such as Murabaha, Ijarah, Musharakah and Islamic Export Refinance etc. Furthermore, a range of Shariah-compliant...
Traded Bond and Sukuk Expenses incurred in the issuance of sukuk based on Ijarah and Wakalah principles will be extended for another three years until 2018...
Rasalah fi Al Ajza Mabahis Al Alfaz Kitab Al Qaza va Shahadat Kitab Al Ijarah Kitab Al Vaghf He had many pupils who would go on to be well known in their...