Insurance of the Assets
If the leased property is insured under the Islamic mode of takaful, it should be at the expense of the lessor and not at the expense of the lessee, as is generally provided in the agreements of the current ‘financial leases’.
Create Your FREE Account…
IslamicBanker helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.
Source: Republished with the kind permission of Sheikh Muhammad Taqi Usmani.
Search our Resources or Dictionary