The guiding principles for an Islamic financial system are based on a set of rules, collectively referred to as Shari'a, which serves to guide the economic, social, political, and cultural aspects of Islamic governed societies.

Shari’a is the legal framework within which the public and private aspects of life are regulated for those living in a legal system based on Islamic principles and for Muslims living outside the domain. Shari'a deals with many aspects of day-to-day life, including politics, economics, banking, business, contracts, family, and various social issues.

Shari'a originates from the rules dictated by the Quran, its practices, and the explanations rendered by the Prophet Muhammad (PBUH). Whereas the conventional financial system focuses primarily on the economic and financial aspects of transactions, the Islamic system places equal emphasis on the ethical, moral, social, and religious dimensions, in order to enhance equality and fairness for the good of society as a whole.

Durable goods such as refrigerators, car accessories, furniture, household appliances, electronics, etc. can be purchased through Baytik Ijara as these products comply with Shari’a rules.

Your Baytik Ijara card can be used to purchase any durable goods from the pre-approved list of merchants. To find out more about merchants accepting your Baytik Ijara card please refer to our Baytik Ijara Merchant Finder tool (click here).