UAE Laws and Islamic Finance

Laws of the UAE and Islamic Finance

Archive for Ijarah Mawsufah fi Al-Zimmah

Ijarah Project Financing via Forward Lease (Ijarah Mawsufah fi Al-Zimmah)


The forward lease is a contract whereby the financier will start paying the rent to the contractor/lessor even though the asset is still under construction.  The paid rent is used to finance the construction cost.  If the project fails, the amount paid towards the rent must be refunded to the financier by the contractor/lessor.  (AMANIE)

Islamic Project Finance:

Practical Application of Forward Ijarah:

The Parameters of Forward IjÉrah and its Application in Financing Services in Islamic Financial Institutions

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