Exercise A new bus is leased by an Islamic bank to a bus company for five years. During the lease period, excessive load was carried that damaged the bus and it led to the suspension on the vehicle. What is the liability of the bus company in this case? 1MHCL Company entered into an Ijarah agreement to lease a shop in Simon square in Green Country. The lease contract stipulated all the details of the agreement such as the rental and the location details, etc., except that it did not specify the exact location of the shop within Simon square which is the subject matter of the agreement. Discuss the validity of this Agreement. 1 MHCL Company entered into a lease agreement with MACL Company to rent a land for RM 5,000 per month for a period of 6 years. In the fifth year of the lease, MACL could not pay the agreed amount of rent for five months. In this case what is the action MHCL could take against MACL? Can Token Money be taken by the lessor from lessee in a valid lease agreement? The customer approaches the bank for obtaining a vehicle on lease. The customer undertakes to make periodic lease payments for the lease period. Bank receives the title of the vehicle and pays the vendor. Lease agreement is signed whereby the bank leases the vehicle and the customer starts using the vehicle and pays rent for each period. In the end, the customer can purchase the vehicle from the bank by way of a separate purchase agreement. Is this a valid type of lease?