Ijara

Lease to Own Your Dreams

Ijarah is an Islamic leasing contract that allows you to use an asset without having to buy it outright. It's a great option for acquiring assets like vehicles or business equipment.

Ethical Financing

Only fixed lease fees disclosed upfront

Lease Now, Own Later

Start using the asset immediately

Guaranteed Ownership

Asset transfer upon completion

What Is Ijara?

Ijara is a Shariah-compliant lease agreement where we buys the asset you need and leases it to you over a fixed term. Once you complete the payments, ownership is transferred to you.

Example:

You need a TZS 800,000 machine. We buy it, lease it to you over 12 months. Each month, you pay a fixed TZS 70,000. In the 13th month, we hand over ownership.

Key Features: You get to use the asset, generate income with it, and eventually own it without any interest involved.

Apply and manage payments conveniently through your phone
Certified halal financing approved by Shariah Supervisory Board
Choose 3, 6, or 12-month lease periods that work for you

Ijarah provides a flexible and ethical way to get the assets you need, with transparent and fixed payments, all in accordance with Islamic principles.

How Ijara Works

We Purchase the Asset

We buy the asset you need and lease it to you for a fixed period.

You Pay a Fixed Rent

You make regular lease payments to us for the use of the asset.

Ownership Transfer (Optional)

At the end of the lease term, you may have the option to buy the asset from us.

Who Ijara Is For

If you need an asset to earn income, Ijara is for you.

Micro-entrepreneurs

Small business owners looking to expand their operations

Farmers

Needing machinery Agricultural equipment to increase productivity

Riders (Boda-Boda)

Riders needing motorbikes for Delivery and transportation services

Artisans or service providers

Tools and equipment for skilled trades

Salaried individuals

Professional tools to enhance earning potential

Startups

Entrepreneurs needing essential assets to kickstart operations

Ready to Start Your Journey?

Join thousands of entrepreneurs who have transformed their businesses with Ijara financing. Get the equipment you need today and pay over time.

Frequently Asked Questions (FAQ)

Do I own the asset immediately?

No — Amal Takaful owns it until the end of the lease term. Then ownership is transferred to you upon completion of all payments.

Is this interest-free?

Yes. You pay a known lease fee only. No Riba (interest), no penalties. This is completely Shariah-compliant financing.

What happens if I miss a payment?

We don’t charge late fees, but your eligibility for future financing may be affected. We encourage open communication if you face difficulties.

Is this certified halal?

Yes — all our products are reviewed and approved by qualified Shariah advisors on our Shariah Supervisory Board.

How long does the approval process take?

We provide fast feedback within 24 hours via SMS or WhatsApp after you submit your complete application.

What types of assets can I lease?

You can lease productive assets like motorbikes, farm equipment, solar panels, sewing machines, machinery, and tools that help generate income.

What is the initial deposit requirement?

You need to provide Hamish Jiddiyyah (initial deposit) which shows you’re serious about the lease agreement. The amount varies based on the asset value.

Can I pay early to own the asset sooner?

Yes, you can complete your payments early. Once all lease payments are made, ownership will be transferred to you immediately.

Apply for Ijara

Apply Now in 3 Easy Ways. Choose the method that works best for you: