UAE Commercial Transactions Law

Article 493 — Article (493)

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)

A promise may be given to the Lessee to transfer thereto the title to the leased property upon expiration of the ijarah term or as mutually agreed. The title transfer shall not be stipulated in the ijarah contract, but shall be conducted under a separate contract to be concluded in due course.

WAWhatsAppTGTelegram