As part of its routine business, an Islamic bank enters into a financial lease arrangement with its customers for a ready as well as an under-construction property

Fatawa Question

As part of its routine business, an Islamic bank enters into a financial lease arrangement with its customers for a ready as well as an under-construction property. Being the owner of the property, how should the Islamic bank differentiate between the two types of properties when it comes to a total loss situation ?

Fatwa

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Publisher

Islamic Finance News

Publication Date

2013-05-01

Country of Publication

Malaysia

Main Subjects

Economics & Business Administration
Islamic Studies

Data Type

Fatawa

Language

English

Record ID

BIM-784622

American Psychological Association (APA)

Hassan, Husayn Hamid. 2013-05-01. As part of its routine business, an Islamic bank enters into a financial lease arrangement with its customers for a ready as well as an under-construction property. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784622

Modern Language Association (MLA)

Hassan, Husayn Hamid. As part of its routine business, an Islamic bank enters into a financial lease arrangement with its customers for a ready as well as an under-construction property. Kuala Lumpur Malaysia : Islamic Finance News. 2013-05-01.
https://search.emarefa.net/detail/BIM-784622

American Medical Association (AMA)

Hassan, Husayn Hamid. 2013-05-01. As part of its routine business, an Islamic bank enters into a financial lease arrangement with its customers for a ready as well as an under-construction property. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-784622