Thursday 15 December 2011

Analysis of Current Structure of Lease Based Islamic Modes of Financing

Analysis of Current Structure of Lease Based Islamic Modes of Financing

12/15/2011 12:00:25 PM

Islamic Finance

Salman Ahmed Shaikh

Respected scholar, Mufti Irshad Ahmed Ijaz sahab recently wrote a ‘rejoinder’ on my article‘Home Ownership Using Options in Islamic Finance’. With all due respect, I submit below answers to some of the points raised by him to clarify my viewpoint. First, I would like to clarify the problems in current structure of lease based modes of financing which will highlight the reasons why I and others have strived to suggest alternate solutions.

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