Ijara contracts definition

Ijara contracts means contracts where a lessor leases property to a lessee in respect of which regular payments are due from the lessee;
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Examples of Ijara contracts in a sentence

  • We refer you to the section 5.7.2 for further details on the VAT treatment applicable to Ijara contracts.

  • Musharakah in Ijara contractOwnership of such assets can produce rental income for the partnership, through leasing the assets to third parties by means of Ijara contracts.

  • In this case, the risk of the Musharakah investment is essentially that of the underlying Ijara contracts – that is, credit risk mitigated by the collateral represented by the leased assets.

  • Profit distributionProfit distributions are recognised in the Statement of Comprehensive Income throughout the period of the contract using the 'effective profit share' basis for Wakala and Ijara contracts.

  • The difference between the Ijara contracts receivable and the cost of the Ijara assets is recorded as unearned Ijara finance income and for presentation purposes, is deducted from the gross amounts due under Ijara finance.Lease arrangements where the Company is a lesseeThe Company has changed its accounting policy for leases.

  • Ijara contracts The Ijara contract results in a purchaser obtaining an asset, with a bank or finance company providing finance over that asset by way of purchase and onwards sale of that asset.

  • To avoid potential losses and liquidity stress, they prefer to use mark-up based activities, such as Muraraba and Ijara contracts, instead of PLS contracts and tend to hold higher capital ratios (Zins and Weill, 2017).

  • In the absence of such an Islamic government security, Islamic banks had no immediate base rate to price their Murabaha and Ijara contracts.

  • Operating leases / Ijara contracts Leases, where a significant portion of the risks and rewards of ownership are retained by the lessor, are classified as operating lease.

  • CEHI will take a lead role in developing information management and training facilities and will receive resources to that effect for capacity-building.

Related to Ijara contracts

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Contracts means all contracts, agreements, binding arrangements, bonds, notes, indentures, mortgages, debt instruments, purchase order, licenses (and all other contracts, agreements or binding arrangements concerning Intellectual Property), franchises, leases and other instruments or obligations of any kind, written or oral (including any amendments and other modifications thereto).

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Terminated Contracts has the meaning set forth in Section 5.6(a).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Retained Contracts shall have the meaning specified in Section 2.1.6.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Customer Contracts means any Contracts pursuant to which the Company has provided or will provide products or services in connection with the Business.

  • SpinCo Contracts means the following contracts and agreements to which either Party or any member of its Group is a party or by which it or any member of its Group or any of their respective Assets is bound, whether or not in writing; provided that SpinCo Contracts shall not include (x) any contract or agreement that is contemplated to be retained by Parent or any member of the Parent Group from and after the Effective Time pursuant to any provision of this Agreement or any Ancillary Agreement or (y) any contract or agreement that would constitute SpinCo Software or SpinCo Technology:

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Employment Contracts means Contracts, whether oral or written, relating to a Business Employee, including any communication or practice relating to a Business Employee which imposes any obligation on Seller or any of its Subsidiaries.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Insurance Contracts means the insurance or annuity policies and contracts, together with all binders, slips, certificates, endorsements and riders thereto, issued or entered into by any Insurance Company prior to the Closing.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;