This product is based on the principles of Ijarah where bank buys the asset (vehicles, machine, equipment, etc.) desired by the customer and rents it to him with the promise to gift it at the end of the rental period.
According to the lease agreement the lessor (Amãna Bank) conveys to the lessee (Customer), the right to use an asset for an agreed period of time, in return for a payment or series of payment
Rentals will be due only upon commencement of usage of the asset.
Rentals will be charged only if the asset is in working condition.
We have received your inquiry and will get back to you in due course.