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Ijara (Leasing)
Ijarah means “to give something on rent”.The term “IJARAH’ is analogous to the English term “leasing“.
Firstly the Bank will purchase the Assets as required by the Customer and subsequently the assets will be leased to the Customer on the terms and conditions as agreed with him.
Ijarah Facility will be offered for the following assets:
- Vehicles (both Commercial and Private)
- Office Equipment
- Plant and Machinery
