Ijarah Muntahiah Bittamlik

AAOIFI Financial Accounting Standard 8 (FAS 8), Ijarah and Ijarah Muntahia Bittamleek, states that when a lease does not include a promise that a legal title will pass to the lessee, it is classified as operating ijarah and if there is a promise, it is al-ijarah al-muntahiyah bittamlik. For further details see: ISRA, Islamic Financial System; Principles and Operations.


LCs: Partial Coverage
A Hire-Purchase Agreement with More than One Associated Promise
Resolution No. 44 (6/5): Alternatives to Hire Purchase
Extension Of Leasing Period
Leasing Software
Promise to Lease and Transfer Ownership
Purchase-Lease-Sale
Sale And Lease Back
Is it Legal to Combine a Construction and Lease-to-Own Contract?
Issue Of Partial Completion in Istisna'a
The Shariah Advisory Council of Bank Negara Malaysia (the SAC) 155th Meeting
Resolution No. 110 (4/12): "Lease Ending with Ownership and Leasing Bonds"
Car Rental Ending in Partial Transfer of Ownership
إخراج الزكاة في حالة التأجير المنتهي بالتمليك
توزيع أرباح الصكوك في أثناء فترة عمل المشروع وقبل الفراغ منه
Is It Allowed to Stipulate an Option to Either Buy Leased Property at the End of the Lease Period or Renew the Lease?
Can a Property Be Bought from a Company and Leased Back to It, Ending with a Gift of the Property to It?
Is it Permissible for an Islamic Bank to Lease Infrastructure to a Government Ministry?
Is Hire-Purchase of a Car Lawful at a Nominal Final Selling Price?
What is the Ruling on a Lease Agreement That Culminates in Ownership?
Is It Allowed To Give the Leased Car to the Lessee or Sell It to Him for a Nominal Price at the End of the Lease Contract?
Is It Allowed To Require the Lessee To Get Comprehensive Insurance for the Car and Assign the Lessor as the Policy’s Beneficiary?
Is it Permissible to Make an Advance Rental Payment at an Agreed-Upon Percentage In a Real Estate Lease Contract Ending with a Promise to Own the Real Estate?
Is it Allowed to Hide the Profit Portion of the Mudarib in a Mudarabah Contract?
What are the Conditions for Issuing Sukuk?
Rulings of Sukuk Al-Ijarah
What is the opinion on KFH Malaysia’s Automobile Departments Products?
Is it permissible to buy a property from a company fully owned by KFH and then sell it by Murabahah contract to a client?
Resolution Regarding the Lease Agreement Between Aviation Lease and Finance Company (ALAFCO) and Al-Shuruq Company
Resolution Regarding the Lease Agreement Between Aviation Lease and Finance Company (ALAFCO) and Al-Shuruq Company
Is It Allowed to Establish a Company Co-owned by KFH and the Real Estate’s Owner to Participate in ijarah muntahiyah bi al-tamlik Financing?
What’s the Opinion on the Validity of Leasing the Real Estate if it is Preleased to Several Entites?
What’s the Opinion on the Validity of Leasing the Real Estate if it is Preleased to Several Entites?
Does the presence of a lessee in the building prevent leasing it through ijarah muntahiyah bi al-tamlik?
What is the Ruling on This Proposed Structure of ijarah muntahiyah bi al-tamlik for Lands or Real Estates?
What is the Fatwa Committee’s Opinion on the Enclosed Copy of an ijarah muntahiyah bi al-tamlik Agreement?
What is the Ruling on Obligating the Lessee to Purchase the Leased Property at the End of ijarah muntahiyah bi al-tamlik Agreement?
Is It Allowed for KFH to Purchase an Investment complex and Lease it back to the Original Seller (the previous owner) Using ijarah muntahiyah bi al-tamlik Agreement?
What is the Fatwa Committee’s Opinion Regarding the Enclosed Model for ijarah muntahiyah bi al-tamlik Agreement that KFH-Bahrain Desires to Use?
Is it Allowed for a Customer to Enter into an Istisna’ Contract with KFH to Construct a Building on a Piece of Land Owned by KFH and Leased to the Same Customer?
What is the Ruling on the Condition Set by the CBK that the Assets Leased through ijarah muntahiyah bi al-tamlik must be Treated According to Shari’ah Standard No. 9 Issued by AAOIFI?
Is it Allowed to Purchase Real Estate Property that is leased through ijarah muntahiyah bi al-tamlik and then to Lease it Back to the Same Lessee?
Is it Allowed to Lease Lands through ijarah muntahiyah bi al-tamlik to the Customers that Desire to Build on them Immediately or in the Future?
Is it Allowed for a Customer to Sell a Piece of Real Estate to KFH and then to Lease it through ijarah muntahiyah bi al-tamlik in order to Benefit from the Price?
Is it Allowed for the Lessee of the Real Estate to Purchase it from the Company According to an Agreement between them?
Is it Allowed for KFH to Carry out Construction on Leased Land and, upon Completing the Construction Process, to Lease the Building through ijarah muntahiyah bi al-tamlik?
Is it Allowed to Construct a Requested Building and Lease it to the Customer, Who Owns the Usufruct of the Land, through ijarah muntahiyah bi al-tamlik?
What’s the Fatwa Committee’s Opinion Regarding the ijarah muntahiyah bi al-tamlik Agreement for the Vacant Land?
What’s the Fatwa Committee’s Opinion Regarding the Issuance of takaful Insurance for the Customers of ijarah muntahiyah bi al-tamlik?
Application of al-Ijarah thumma al-Bai` in Vehicle Financing
Assignment of Liabilities in al-Ijarah thumma al-Bai`
Lessee’s Priority to Purchase Asset in the Event of Default in Rental Payment
Surplus Sharing from Sale of Ijarah Asset between Lessor and Lessee
Surplus Sharing from Sale of Ijarah Asset between Lessor and Lessee
Utilisation of Third Party’s Asset Acquired Through Sale Concept in Issuance of Sukuk Ijarah
Utilisation of Third Party’s Asset Acquired Through Sale Concept in Issuance of Sukuk Ijarah

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