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Definition of

ijara wa-iqtina


agreement by customer to buy item after leasing it in Islamic financing, a leasing arrangement with a bank similar to ijara in which the customer agrees to purchase the item at a prearranged price at the end of the lease term

Definitions of ’ijara wa-iqtina’ and meaning of ’ijara wa-iqtina’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ijara wa-iqtina’ and other financial terms with our online QFINANCE Financial Dictionary.

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