Abstract
The basic meaning of Ijarah is “the contract to use the usufruct of a permissible thing for a known counter value”. Hence, the main subject of Ijarah is usufruct (manfa’ah), and not real object (’ain), taken in lieu of the payment of a countervalue (’iwadh). The term Ijarah is used for two different situations.
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References
Ali, E. R. (n.d.). Islamic Banking Tools: The Shari’ah Principles.
Bank Muamalat Malaysia Berhad. (2000). Al-Ijarah Financing Procedures. Kuala Lumpur.
Bank Negara Malaysia. (2001). Frequently Asked Questions on the Aitab Financing Scheme. News Strait Times Press.
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Billah, M.M. (2019). Islamic Lease Financing (Al-Ijarah). In: Islamic Financial Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17624-2_17
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DOI: https://doi.org/10.1007/978-3-030-17624-2_17
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