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Ijarah Financing Is a Growing Area for Islamic Financing

Question 25

Multiple Choice

Ijarah financing is a growing area for Islamic financing?
An Ijarah contract is:


A) A contractual arrangement whereby the bank finances the high-purchase of an asset which reverts to the bank at the end of the higher purchase arrangement
B) A contractual arrangement whereby the bank buys some form of durable asset and leases it to the customer for a rental payment based on a prearranged schedule
C) An insurance policy protecting the customers against loss or damage to a durable asset.
D) A contractual arrangement whereby the bank purchases an asset for a deferred delivery date in exchange for immediate payment.

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