Is the mentioned method of financing companies and individuals, which involves purchasing an asset and then reselling it through an "Ijara wa Iqtina" (lease-to-own) system, Sharia-compliant?

Leasing ending in ownership has regulations that, if met, make it permissible, including: 1. The existence of two contracts separate in time, such that the sale contract is concluded after the lease contract, or there is a promise of ownership at the end of the lease period. 2. The lease must be genuine and not a cover for a sale. 3. The guarantee for the leased asset must be the responsibility of the owner, not the lessee. 4. If the contract includes insurance for the leased asset, the insurance must be cooperative Islamic insurance, not commercial, and its cost must be borne by the lessor. 5. The rules of leasing must apply to the lease-to-own contract throughout the lease period, and the rules of sale must apply when the asset is acquired. 6. Non-operational maintenance expenses must be borne by the lessor, not the lessee, throughout the lease period.

If the financier stipulates the sale of the asset and the repayment of the remaining installments from its proceeds in case of customer delay, this makes the lease a cover for a sale, which is prohibited; due to the Prophet's prohibition of two sales in one sale. And if the financing company gives the price to the financing applicant to purchase the asset, and recovers the amount through installments, then this transaction is a loan with an increment, with the asset mortgaged to the company.