7 Questions
The lessor is responsible for the risk of the leased asset during the lease period.
True
The lessee assumes the risk of the leased asset during the lease period.
False
Ownership of the leased asset is transferred to the lessee during the lease period.
False
The lessor is relieved from all liabilities related to the ownership of the leased asset.
False
The subject of an Ijara contract is the transfer of ownership of an asset.
False
The lessee is responsible for insuring the leased asset during the lease period.
True
In an Ijara contract, the lessor can transfer ownership of the leased asset to the lessee.
False
Learn about the different relationships that exist between the financial institution and the client in the context of leasing: one as an agent and the other as a lessee.
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