UAE Commercial Transactions Law

Article 491 — Article (491)

Book Three: Banking Transactions · Part Six: Commercial Transactions of Islamic Financial Institutions · Chapter Two: Special Provisions for Certain Types of Contracts and Obligations to which Islamic Financial Institutions are a Party: Section One: Promise to Contract: Article (475) · Section Six: Ijarah [LEASE]: Article (491)

Ijarah is a contract under which the lessor leases specified or described property owned or leased by the lessor, for fixed rent specified in the contract or variable rent paid in one payment or in instalments of specified amounts and terms.

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