Filter by Categories
Accounting
Banking

Islamic Finance




Eiarah


Arabic (إعارة) for a special case of ijarah where the usufruct of subject-matter (property) is transferred by the owner to someone else in return for no consideration (i’wadh/ countervalue/ rental/ ujrah). Al-musta’eer (borrower) has the right to use the object/ property or to allow others to do so (sub-ei’arah), but he can’t do so on the basis of ijarah, i.e., in return for ujrah, because ei’arah contract is, by nature, non-binding, whist ijarah is a binding contract. However, some schools of thought (mathahib), such as shafi’ee and hanbali, don’t approve sub-ei’arah.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*