At the end of the lease, the customer can either return the car, renew the lease, or purchase the vehicle at a pre-agreed price. This structure ensures ijarah finance compliance with Islamic law by avoiding interest and promoting shared responsibility between the bank and the customer.
At the end of the lease, the customer can either return the car, renew the lease, or purchase the vehicle at a pre-agreed price. This structure ensures ijarah finance compliance with Islamic law by avoiding interest and promoting shared responsibility between the bank and the customer.