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An Appraisal Of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (Forward Ijarah) From Fiqh Perspective, Abu Talib Mohammad Monawer, Akhtarzaite Abd Aziz

Abu Talib Mohammad Monawer

Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (Forward Ijarah) is a new form of transactions introduced to the Islamic banking industry which has original ground in the classical books of Islamic Jurisprudence. Most of the classical scholars discussed it with particularized ijarah in parallel without any separation of chapters or headings unlike al-Bahuti and al-Minhaji. The scholars of four schools of Islamic Law are unanimously agreed on the legality of forward ijarah albeit some contemporary scholars mention the early dispute in this regard and attribute prohibition of forward ijarah to Hanafi School. This attribution is not accurate as it is proved by their …