What is the ruling on leasing a car with a lease-to-own option from Abdul Latif Jameel Company, with an initial payment of 10,475 Saudi Riyals (including administrative fees, an advance installment, and a down payment), and monthly installments for 48 months, followed by a final payment of 17,000 Saudi Riyals to own the car, knowing that a car lease agreement with an option to own is signed, along with a subsequent ownership agreement?

Leasing ending in ownership has permissible and forbidden forms. The criterion for prohibition is the combination of two different contracts (leasing and selling) concerning a single asset at the same time. The criteria for permissibility are: the existence of two separate contracts in time, that the lease be actual, that the guarantee for the leased asset be the responsibility of the owner, that the insurance be cooperative Islamic insurance borne by the owner, that the rulings of leasing be applied throughout the period and then the rulings of sale upon ownership, and that non-operational maintenance expenses be borne by the lessor. Among the permissible forms are: the owner giving the lessee the option to purchase the asset at market price after the lease installments are completed, or giving the lessee the right to choose to own the asset through a new contract and at a market price at any time.