Results for tag: "Ijarah"

Ijarah is an Islamic finance contract that is used to lease assets or services. It is based on the Islamic principle of Shari'ah, which prohibits the charging of interest. The Ijarah market is a growing sector of Islamic finance, with a focus on providing ethical and socially responsible investments. Ijarah contracts are structured to provide a fixed rental payment over a specified period of time. The asset or service is leased to the customer, who is then responsible for its maintenance and upkeep. The customer is also responsible for any taxes or fees associated with the asset or service. The Ijarah market is an important part of the Islamic finance industry, providing an alternative to traditional financing methods. It is an attractive option for investors who are looking for ethical and socially responsible investments. Some of the companies in the Ijarah market include Al Rajhi Bank, Dubai Islamic Bank, Abu Dhabi Islamic Bank, and Qatar Islamic Bank. Show Less Read more