Islamic Leasing

GPTKB entity

Statements (33)
Predicate Object
gptkbp:instanceOf Islamic finance concept
gptkbp:alsoKnownAs Ijarah
gptkbp:commonIn gptkb:Middle_East
gptkb:North_Africa
gptkb:Southeast_Asia
gptkbp:compatibleWith gptkb:Sharia_law
gptkbp:distinctFrom conventional leasing
gptkbp:duration fixed period
https://www.w3.org/2000/01/rdf-schema#label Islamic Leasing
gptkbp:involves leasing of assets
gptkbp:lessee pays rent
uses the asset
gptkbp:lessor owns the asset
gptkbp:mayEndWith transfer of ownership
return of asset
gptkbp:ownedBy remains with lessor
gptkbp:prohibits interest (riba)
speculation (maysir)
uncertainty (gharar)
gptkbp:regulates gptkb:AAOIFI_standards
Islamic Fiqh Academy guidelines
gptkbp:requires asset must be owned by lessor
asset must be usable
asset must exist
gptkbp:riskFactor remains with lessor
gptkbp:targetUser lease agreement
gptkbp:usedFor financing equipment
financing real estate
financing vehicles
gptkbp:usedIn Islamic banking
Islamic finance
gptkbp:bfsParent gptkb:Islamic_Banking
gptkbp:bfsLayer 8