START PROCESS

1. Customer Applies for ijarah

Application Closed

2. Azmed Identity?

Application Ends

3. Asset Eligibility (Car Check) - Halal permissible asset - Exisisrcan be acquired - Identifiable & Non-consumable

4. Bank Purchases the Vehicle (Bank becomes owner BEFORE leasing)

Customer Accepts? Customer Rejects?

6. Handover of Car to Customer - Rent begins only after delivery

6. Conditions of Ija- rah Must Hold a. Asset must remain owned by bank b. Risk of ownership on bank c. Lessee uses asset: cannot sublease d. Rent cannot start before possession e. Takeful usually paid by bank f. Maintenance (major= bank, minor=lessee) g. Asset use must be Shariah-compliant

7. Conditions of Ijar- Must Hold a. Asset must remain owned by bank b. Risk of ownership on bank c. Lessee uses asset: cannot sublease d. Rent cannot start before possession e. Takeful usually paid by bank f. Maintenance (major = bank, minor= lessee) g. Asset use must be Shariah-compliant

8. During Lease Period a. Lessee pays rent b. Bank keeps owner- ship. c. Lessee responsible for: - Minor repairs - Proper usage

9. End of ijara Period Return Car

Contract Eram CONTRACT ENDS

Return Car for Buy Car? (optive) - Use separate sale (Bai') NOT included in Ijarah