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Understanding Ijarah

Ijarah is the Islamic equivalent of leasing. A lessor buys an asset and leases it to a lessee for a specified period and rent. Ownership remains with the lessor.

Ijarah Agreement

Leasing agreement for an asset or property.

Contract Currency

Asset Description

Lessor (Mu'jir)

Lessor's Wallet

Lessee (Musta'jir)

Lessee's Wallet

Security Deposit (Arbun) (...)

Lease Payment per Installment (...)

Payment Frequency

Lease Duration (in installments)

Late Payment Clause

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