Professional Documents
Culture Documents
Sharia Advisor
Muslim Commercial Bank Ltd.
Jamia Darul Uloom Karachi
at AlHuda CIBE ± NIBAF Islamabad.
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po another person for an agreed price, at an agreed consideration.
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Daluable, Identified and Quantified
Anything which cannot be used without consuming cannot be leased
out; e.g., money, wheat etc.
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Corpus of leased property remains in the ownership of the seller.
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Must be determined in clear terms at the time of contract
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If no specific purpose is identified in the agreement, then it can be
used for any purpose for which it is used in normal course
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phe lessee is liable to compensate the lessor for every harm to the
leased asset caused by any misuse or negligence. phe leased asset
shall remain in the risk of the lessor throughout the lease period.
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|. phe commencement of lease
2. Rent should be charged after the delivery of the leased asset to the
lessee
3. Different relations of the parties
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. Difference between Murabahah and leasing
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·. Expenses consequent to ownership to the lessor
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6. Lessee as Ameen
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ü. Dariable Rentals in Long perm Leases
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. Penalty for late payment of Rent
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9. permination of Lease
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||. phe residual value of the leased asset
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