Abstract
Acquiring the benefits of a particular thing or the services of an individual is called leasing (Ijarah), which is permissible and practicable by Shari’ah. The jurists have mentioned its details briefly in ancient books. In the modern economy, this term and agreement are used in a modern way and for financial purposes. In this article, an analytical study of this modern type of lease is presented in the context of ancient jurisprudential teachings. In this regard, it has tried to identify the problems that can be solved according to the Shari’ah. The main purpose of this study is to modernize the ancient teachings of jurisprudence and to present them in a practical way. Also, it aims at presenting the ancient teachings of the concept of Ijarah (Lease) in a modern way. For the establishment of comparative Jurisprudence, it is imperative to consider all available sources and details of various jurisprudent schools of thought so that an analysis can be made in the contemporary world about the discipline of two centuries. The study concludes that the “Ijarah” has taken a different form in modern times which is used for financing purposes and Shari’ah encourages its adoption.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.