Islamic Banking in all over India Islamic banking is a banking which follows the principles of islamic laws (Shariah) which prohibits interest based banking‘ and permits only profit sharing based banking‘. The concept is based on a verse of the Holy Quran that says “Allah has allowed only legitimate trade […]
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Discussion about Ijarah (Leasing)
Discussion about Ijarah (Leasing) Ijarah (Leasing) Ijarah is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In the Islamic jurisprudence, the term “Ijarah” is used for two different situations. 1) In the first place, it means “to employ the services of a person on […]
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