Question

Is Ijarah a better way of renting than traditional banking? Provide Arguments and examples in support of your response. If you have to choose which you would opt for and why, between traditional banking lease & Islamic banking Ijarah? In support of your response, give reasons. ​

Answer 1

Answer:

1. Leasing is a contract whereby the owner of something transfers its usufruct to another person for an agreed period, at an agreed consideration.

2. The subject of lease must have a valuable use. Therefore, things having no usufruct at all cannot be leased.

I hope this answer is helpful for you bro. so please follo me for more answers.