Iara

Iara definition - finance
In Islamic finance, the capital advance (loan) that is repaid through the profit on rental income. Islam has a set of strict rules that forbid making or receiving interest payments, and this is one way to get the benefits of leasing without charging interest.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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