Ijarah : “The concept, development and progress of Islamic finance leasing in Ireland’s aviation sector”

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Ayub, Najib
Issue Date
MSc International Accounting and Finance
Dublin Business School
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This research conducted on the issues regarding what can be achieve by using the Islamic leasing which is Ijarah and become the “Centre of Excellence” for aircraft financing. Islamic securitisation complements the conventional banking as an alternative and more diversified funding option that broadens the pricing options to the asset supply as high demand for alternative investment products Ijarah is type of leasing in Islamic finance and has been conceptually understood as an agreement between two parties and the contract of exchange where one party enjoys the benefit arising from employment by another party in return for a consideration for the services rendered and from the use of an asset. This research is applicable to anyone and could be reference for students, professionals and public particularly to non-Muslim that are interested to know more about Islamic leasing method. This research raises issues and thoughts in leasing method and could be a tool for future research and to provide understanding of Islamic finance and break the scepticism people on the Islamic point of view. Author keywords: Ijarah, Islamic finance, leasing, aviation, Ireland