National Shari'a Board - Indonesian Council of Ulama Fatwa No. 9 of 2000 on Ijarah Financing

This fatwa acknowledges that in order to obtain benefit from an object, often an ijarah (rental) agreement is necessary. The fatwa mandates that consent and accedence are required from both parties to the agreement, either verbally or in another form. The benefit of the object or service must be given a financial value and be practical to implement. The fatwa also sets out the obligations of shari'a financial institutions and customers as parties to such an agreement.

FirstPreviousPage 1 of of 4NextLast