Published Insights
Ijarah Muntahia Bittamleek (Rent-to-Own Finance Agreement)
This article delves into the intricacies of Ijarah Muntahia Bittamleek (Ijarah), a distinctive financial model blending Islamic principles with the Australian legal framework. As a form of rent-to-own finance, Ijarah extends beyond conventional leasing arrangements by incorporating a commitment from the lessor to transfer ownership of the leased asset to the lessee, aligning with Islamic finance principles and Sharīʿah standards.
January 17, 2024
