‹ Leased Assets Used as Collateral Pledge of Assets as Collateral › CA-4.7.10 Assets leased under Ijarah or IMB contracts fulfil a function similar to that of collateral, in that they may be repossessed by the lessor in the event of default by the lessee. January 2015 ‹ Leased Assets Used as Collateral Pledge of Assets as Collateral ›