Finance
QE Instrument
February 22, 2023
Derivatives
General Cap
February 22, 2023

An Arabized term that refers to the improvements a tenant (lessee) makes to a shop or plant from his own funds. The improvements may be immovable like building works or movable like fixed partitions, shelves, machinery, etc.

It also may refer to what a tenant builds on an endowment property (waqf) against no consideration, i.e., as a donation without claiming it from the waqf.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Tags

All Topics in the Letter 

Related Posts