Ijarah

Hire or lease: paying for the use of something, or for another person's labour.

Also written · Ijara · Ijaarah · Ejarah · Icare · Ijarah muntahia · Ajir · Ujrah · lease · leasing · hire · rent · rental contract · employment contract · wages

The meaning

What Ijarah means in Islam

The Qur'an mentions hiring a worker in the story of Musa in Madyan and instructs that a nursing mother be paid her due. The contract needs a defined benefit, a defined period and a known wage agreed in advance. The reported instruction to give the worker his wage before his sweat dries is the most quoted line in the whole chapter. In Islamic finance, ijarah is the leasing structure used in place of an interest bearing loan.

Evidence · Editorial · Our own summary, drawn from the sources named

Read beside it

Words that sit beside it

'AqdA contract: a binding agreement formed by an offer and its acceptance.عَقْد
Bay'Sale: the exchange of property for property by mutual consent.بَيْع
MurabahahA sale at a disclosed cost plus markup, widely used in Islamic banking in place of lending.مُرابَحة
RibaInterest or unjust increase on a loan or exchange, forbidden in the Qur'an in severe terms.رِبا