INTERNATIONAL JOURNAL OF SOCIAL HUMANITIES SCIENCES RESEARCH (JSHSR)

Abstract


EXAMINATION OF IJARAH (LEASING) OPERATIONS WITHIN THE FRAMEWORK ISLAMIC ACCOUNTING STANDARDS

Basically Ijara process can be explained as an agreement that transferred the property to the lessor at the end of the rental period. In this method, the organization of transferring source purchases specialty goods of customer’s request and rents the property to the customer by adding a certain dividend. During the lease term ownership of property remains source provider. The cost and duration of the lease contract of Ijarah clearly are determined by the both sides. In this method, during the leasing process return of predetermined fixed amount is possible to the organization of transferring source. In this study, primarily it will be given general information about the type of lease and the process of leasing known in the classical sense, then the accounting process will be examined. Later, accounting processes of the Ijara transactions (leasing) within the framework of Islamic accounting rules, will be described on compliance with examples in terms of Islamic banks providing leasing sources.



Keywords
Ijara, Leasing, Islamic Accounting



References

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