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Sirat Ijarah

Ijarah is a Shariah-compliant alternative to Conventional vehicle and machinery leasing where the Bank acts as a Lessor and customer acts as a Lessee. In this ‘rent’ arrangement, customers are required to pay a monthly rent for the use of the subject vehicle. During this arrangement, the ownership of the vehicle remains with the Bank; only the rights of use are transferred to the Customer.

At the end of the Ijarah Agreement, customer is given a choice to either return the vehicle/machinery to the Bank and receive the security deposit paid at the start of the arrangement, or purchase the vehicle/machinery at a price as low as the security deposit.

How To Apply

For more information, please visit a HABIBMETRO SIRAT branch/Islamic Banking desk near you or contact us on 111-1 (HABIB)42242 / 0800-(HABIB)42242.