Purchase and Lease Back

Purchase and Leaseback is an arrangement where the bank purchases the property from the borrower and then leases it back to them under an Ijarah structure. The borrower continues to use the property while making regular lease payments to the bank. During this period, the bank remains the legal owner of the property.

At the end of the term, ownership may be transferred back to the borrower based on the agreed arrangement. The exact structure and transfer terms may vary depending on the bank and the financing agreement.