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Ijarah

The transfer of ownership of a service for an agreed upon consideration. According to fuqaha, it has three major elements: a form, which includes an offer and a consent; two parties (a lessor (the owner of the leased asset), and a lessee (the party who reaps the services of the leased asset)); and the object of the (Ijarah) contract, which includes the rental amount and the service (transferred to the lessee).