Ijarah lexically means to give something on rent. Under Ijarah transactions, the Bank will purchase the asset and then rent out to the customer for particular time period. Mustaqeem Islamic Banking provides Ijarah based products to provide flexible solution to meet medium/long term financing requirements of the customers. This product is used for the financing of assets such as plant, machinery, generators, equipment etc.
Ijarah
Feature and Benefits:
- Ijarah can be used by small, medium, commercial enterprises & corporate entities.
- Ijarah is an ideal mode for medium to long term finance as it offers flexible financing terms to match the Customers’ requirements.
- Ijarah facility provides an ideal off balance sheet financing solution.