Short Definition
Islamic financing formula where customer leases property from bank with promise of ownership at end, similar to lease-to-own.
In Other Languages
Arabic
الإجارة التمويلية
صيغة تمويل إسلامي يستأجر فيها العميل العقار من البنك مع وعد بالتمليك في النهاية، شبيه بالإيجار المنتهي بالتمليك.
English
Ijara
Islamic financing formula where customer leases property from bank with promise of ownership at end, similar to lease-to-own.
Turkish
İjara
Müşterinin sonunda mülkiyet vaadi ile bankadan mülk kiraladığı İslami finansman formülü; mülkiyetle sonuçlanan kiraya benzer.
Related Terms
Islamic Financing
Sharia-compliant real estate financing without usurious interest, using formulas like Murabaha and Ijara, common in Saudi Arabia and Gulf.
Rent-to-Own
System combining lease and purchase; tenant pays rent for set period then becomes property owner, common in Islamic real estate financing.