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LEASE CONTRACT (IJARAH), } (LEASE/RENT), } (HIRE/EMPLOYMENT) - Coggle…
LEASE CONTRACT (IJARAH)
DEFINITION
rent, tenancy, lease, let, leasing, hiring activities
a contract of mutual exchange ('uqud al-mu'awadat) to transfer the ownership of usufruct with compensation
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LEASE/RENT
Aim: to transfer the usufruct ownership of a specified property/asset to a lessee within specific period for an agreed amount of rental
Lessor (mua'jjir), lessee (musta'jir)
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al-'ayn al-mu'ajjar: leased object, ujrah: rental/fee
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