The first full-fledged interest-free bank in Ethiopia

Ijarah Financing

Welcome to Zamzam Bank’s Ijarah Financing, where we provide transparent and Sharia-compliant leasing solutions to meet diverse financial requirements. Explore our specialized Ijarah products, including Ijarah Equipment and Ijarah Real Estate (Home), designed to empower individuals and businesses.

Ijarah Financing Istisna Financing

Ijarah Financing Features and Benefits

Asset Ownership

  • The asset being leased is owned by the lessor (typically ZamZam Bank) and provided to the lessee (the customer) for use.
  • The lessor retains the legal ownership of the asset throughout the lease period.

Rental Payments

  • The lessee makes periodic rental payments to the lessor for the use of the leased asset.
  • The rental payments are fixed and do not include any element of interest (riba).

Maintenance and Insurance

  • The responsibility for maintenance and insurance of the leased asset is usually divided between the lessor and the lessee, as specified in the Ijarah contract.

Lease Agreement

  • The terms and conditions of the lease are outlined in a detailed Ijarah contract, which includes the lease period, rental payments, and maintenance responsibilities.

Flexibility

  • Ijarah contracts can be tailored to the customer’s specific needs, with flexibility in the lease period, rental payments, and other terms.
  • This allows the customer to align the financing with their business or personal requirements.

Shari'ah Compliance

  • Ijarah financing is structured to be fully compliant with Islamic Shari’ah principles, making it a viable option for customers who prioritize ethical and faith-based financial solutions.

The Ijarah Financing Process

Asset Selection and Agreement

Choose the desired asset, whether it's essential equipment for your business or a home for personal use.
Agree on transparent leasing terms.

Leasing Contract Execution

Zamzam Bank acquires and owns the asset, leasing it to you.

Lease Payments

Pay regular lease payments for the asset usage.

End of Lease Options

Choose to return the asset, renew the lease, or exercise the purchase option.

Requirements for Ijarah Financing

Asset Details

Provide comprehensive information about the desired leased asset, whether it’s equipment for your business or a home.

Clear Communication

Engage in open and collaborative discussions to ensure a clear understanding of Ijarah terms.

Experience Ethical Leasing with Zamzam Bank

Choose Ijarah Financing at Zamzam Bank for transparent, Sharia-compliant, and collaborative leasing solutions. Whether it's equipment for your business or a home for personal use, Zamzam Bank is your trusted partner in responsible and ethical finance. Join us in building a future grounded in Islamic financial principles.
Request Financing

Other Related Financing that might interest you

MURABAHA FINANCING

Mudarabah Financing

Qard Hasan Financing

Istisna Financing

Bai’ Salam Financing

Musharakah Financing

Contact information

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