A genuine Ijarah certificate represents proportionate ownership in a tangible leased asset. The holder owns something real that may have a market value different from the certificate's original issue value.
This can create a secondary market and help liquidity management, provided the certificate continues to represent real asset ownership with its rights and obligations.
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Leasing (إجارة): Sub-Lease, Assignment and Ijarah Certificates
A genuine Ijarah certificate represents proportionate ownership in a tangible leased asset. The holder owns something real that may have a market value different from the certificate's original issue value.
This can create a secondary market and help liquidity management, provided the certificate continues to represent real asset ownership with its rights and obligations.