Is the aforementioned transaction, which is based on the "Arabian Financial Lease Company" leasing trucks with the possibility of eventual ownership for 1% of the purchase price, compliant with the provisions of Islamic Sharia?
The ijara (lease) ending in ownership is a permissible contract if it is coupled with a promise to sell or donate after the full rent has been paid. The contract of sale or donation must be completed after the ijara ends. It is a condition of the contract that the guarantee, maintenance, and insurance of the leased asset are the responsibility of the owner (lessor), and the lessee is only liable in cases of transgression or negligence. If the company stipulates that maintenance is the responsibility of the lessee, then the condition is invalid. There is no issue with the method of calculating rent installments based on the lease duration and the down payment.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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