Litus Automobiles Company introduces ijarah thumma naqlul milkiyya
Litus Automobiles Company, a private company in Maldives specializing in the hire purchase of motor vehicles, on the 3rd May 2016 introduced Islamic hire purchase based on the Shariah concept of ijarah thumma naqlul milkiyyas, making it the second private hire-purchase company to convert its conventional portfolio into a Shariah compliant portfolio.
Litus Automobiles , Islamic finance , Maldives
Muneeza, A. (2016). Litus Automobiles Company introduces ijarah thumma naqlul milkiyya. Islamic Finance News, 13(19), p. 19.