Financing Contracts

Ijaraha Financing

Ijaraha Financing: -

is a form of financing applicable to financing and operating leases of properties.

Features

  • In Ijaraha Financing the bank pays to manufacturer/builder the price of products and the manufacturer delivers the goods to the bank.
  • In Financing Lease contract of Ijarah, the bank sells the products at the end of the contract, While
  • In the Operating lease contract of Ijarah, the goods leased for customers and returned back to the bank to be released or disposed of.
    • Please contact Coop bank Islamic to get more detailed information and advice.