In Islamic finance, ijara is a contract whereby a financial institution buys an asset and Leases it back to a corporate. The Ijara can take the form of a Ijara-wa-Iqtina (Lease with acquisition Option). A third form of Ijara is Ijara with decreasing Musharaka that can be used to acquire a real estate asset. The Share of the financial institution decreases as the annual payments include repayment of capital. At the end of such contract, the ownership is transfered.

To know more about it, look at what we have already written on this subject