In leasing who pays for insurance ? : in equipment leasing, who should pay for insurance ?
Fatawa Question
Is Leasing allowed in Islam ? I am willing to get some equipment for my factory on the terms of leasing. That is on rental basis. I have to pay a deposit of approx. 15 % of the equipment value and then start paying rent for a period of 36 months. I will end up paying more money than it is actual value, but in installments. At the end of leasing period I will purchase the equipment from the leasing company on the residual value (usually the amount I paid as deposit). Thanks for your kind elaboration. Jazakallah
Fatwa
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Publication Date
2002-12-17
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-724506
American Psychological Association (APA)
Qahf, Mundhir. 2002-12-17. In leasing who pays for insurance ? : in equipment leasing, who should pay for insurance ?. .
https://search.emarefa.net/detail/BIM-724506
Modern Language Association (MLA)
Qahf, Mundhir. In leasing who pays for insurance ? : in equipment leasing, who should pay for insurance ?. 2002-12-17.
https://search.emarefa.net/detail/BIM-724506
American Medical Association (AMA)
Qahf, Mundhir. 2002-12-17. In leasing who pays for insurance ? : in equipment leasing, who should pay for insurance ?.
https://search.emarefa.net/detail/BIM-724506
