СС 9: ”Иджара и Иджара Мунтахия Биттамлик".”

This standard outlines the basis of the Shari’ah rulings on Ijarah and Ijarah Muntahia Bittamleek, beginning with the rules relating to the promise to lease, if any, and concluding with the rules of repossession of the leased property in an operating Ijarah by the lessor or transferring its ownership in case of Ijarah Muntahia Bittamleek, within or by the end of the lease term. The Standard also aims to outline the Shari’ah requirements that must be observed by Islamic financial Institutions (Institution/Institutions) with respect to Ijarah transactions.

The word (Institution/Institutions) is used here to refer, in short, to Islamic financial institutions including Islamic Banks.

Scope of the Standard

This standard covers operating leases of properties or Ijarah Muntahia Bittamleek, whether the Institution is the lessor or the lessee. This standard does not cover This standard does not cover Sukuk al-Ijarah

Sukuk al-Ijarah, as they are covered by

, as they are covered by Shari’ah Standard on Investment Sukuk, nor the employment of persons (labour contract), as it is covered by a separate standard. 2. Promise to Lease (an Asset)