The contract of ijarah has been used as a means of securitization of a tangible asset such as a hospital or airport which allows the issuance of sukuk to prospective investors.

Question

Quizplus · Accepted Answer

Ijarah, an Islamic finance concept akin to leasing, has indeed been utilized for the securitization of tangible assets like hospitals or airports, facilitating the issuance of sukuk (Islamic bonds) to investors. This process allows for the generation of funds while adhering to Islamic finance principles, which prohibit interest-based transactions.

The Contract of Ijarah Has Been Used as a Means