LessonsLeasing (إجارة): Sub-Lease, Assignment and Ijarah CertificatesQuiz

The lessor may sell the leased asset itself to another person. The buyer becomes the new owner and may step into the rights and obligations of the lessor while the lease continues.

But selling only the right to receive future rent, without transferring ownership of the asset, is fundamentally a transfer of a monetary receivable rather than a sale of tangible property.

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Selling the Asset Is Different From Selling the Rent Stream

Leasing (إجارة): Sub-Lease, Assignment and Ijarah Certificates

The lessor may sell the leased asset itself to another person. The buyer becomes the new owner and may step into the rights and obligations of the lessor while the lease continues.

But selling only the right to receive future rent, without transferring ownership of the asset, is fundamentally a transfer of a monetary receivable rather than a sale of tangible property.