Definitions for "Ijara"
Keywords:  iqtinah, islam, hire, lessor, usufruct
leasing. An investor buys equipment or real property and owns it, charging a rent to a user who takes possession of the property for a specified period of time. At the end of the lease, the property reverts to the owner, lessor.
Quick definition: Islamic leasing agreement. Because Islam forbids the charging of interest, Muslims get an Ijara which enables the bank to seek profit through the leasing of assets (house, car etc) rather than by actually lending money. Ijarah wa iqtinah is an extension of the concept which is a hire purchase agreement.
contract of lease and hire
Keywords:  garissa, lamu, kenya, province, town
Ijara is a town in the North Eastern Province of Kenya. It is capital of the Ijara District. Ijara is a very remote town, it is located 100 km north of Lamu and 180 km south of Garissa.