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Leasing in Islam

Posted on 11 November 2011

The baseline rule in shari’a is that only those assets that have an inherent usufruct can be leased with the condition that the leased asset is used only for shari’a compliant activities. According to jurists, the lessor and lessee must agree on the lessee benefiting from the usufruct and that the leased asset must have that usufruct.
According to the Shafi’i school of thought, it is not sufficient to agree upon benefiting from the inherent usufruct of the asset, rather they require further specifications as to what extent and what manner the lessee may benefit………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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