• Islamic Finance

  • Mudharabah

  • Ijarah

  • Murabaha

  • Diminishing Musharakah

  • Wakala

Ijarah (Leasing) : An agreement under which the Lessor (CLC) leases an asset to a Lessee (Client) at an agreed rental for the usufruct of the asset by the Lessee. This is usually on a fixed term and rent as agreed by both parties. In this regard, IBD of CLC will take away your burden of capital expenditure off your business by way of Ijarah by purchasing the asset of your choice, comprehensively insuring it while you use it over the lease period. Once you have met all the rentals on time whilst enjoying the benefits of our lease, we will gift the asset to you. Ijarah is available for:

  • Unregistered Vehicles
  • Equipment & Machinery
  • Registered Vehicles (for Working Capital purpose)