Monday, October 02, 2006

Default under Ijara (leasing) agreements

"Defining defaults in lease contracts", Gulf News special report, September 30, 2006

Gulf News provided a discussion on the conditions of default under ijara in the real estate context. The author of part one the special report, Sohail Zubairi, is the Vice president and Head of Sharia Structureing, Documentation & Product Development at the Dubai Islamic Bank. The article goes through the specific conditions for ending an ijara (leasing) agreement when the leased asset is destroyed through negligence or bad faith.

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