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Exercise: 1 Date: 29-10-2020 Explain the concept of Ijarah financing in your own words. Explain the process and conditions of Ijarah financing in any Saudi

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Exercise: 1 Date: 29-10-2020 Explain the concept of Ijarah financing in your own words. Explain the process and conditions of Ijarah financing in any Saudi Bank. For example you need an asset such as car or house and you do not have money to buy it. You visit a bank e.g., Bank Riyadh, Alrajhi etc and request for financing the asset under Ijarah. Explain the terms and conditions and processes needed to be followed to get the money or asset. Which bank will suit you the most and why

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