Ijarah Mode of Financing
2/16/2012 11:54:46 AM
Asif Shamim
Assistant Professor, Bahria University
The term Ijarah in Arabic literally means to give something on rent. In this context, when we use the term Ijarah, we will refer to the right to use and enjoy the profits and advantages of assets and properties belonging to a financial institution as long as the property is not damaged or altered in any way.
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