SEMESTER FALL 2025
ISLAMIC BANKING PRACTICES (BNK610)
ASSIGNMENT NO.01
DUE DATE: NOVEMBER 03, 2025
MARKS: 10
ASSIGNMENT:
Learning Objectives:
The objective of this assignment is to enable the students in understanding the complete
practical procedure of car financing through Ijarah mode of Islamic finance by visiting a
nearby Islamic banking branch and collecting useful information in this regard.
The Case:
Ijarah is an Islamic mode of financing in which the owner (lessor) of an asset transfers
its right of use (usufruct) to another person (lessee) for an agreed period and rent, while
ownership remains with the lessor. Being a student of Banking Laws and Practices
(BNK610), you are required to visit any nearest Islamic banking branch of any Islamic
bank and provide the following information regarding practical procedure of Car Ijarah
in Islamic banks:
1. Overview of Ijarah car financing
2. Terms and conditions of car Ijarah contract
3. Eligibility criteria for availing Ijarah car financing
4. Documents required for Ijarah car financing
5. Processing time
6. Current profit or rental rates
7. Practical procedure of Ijarah car financing including the procedure of car
selection and purchase, security and documentation, delivery of vehicle,
maintenance and insurance of vehicle and ownership transfer at the end of Ijarah
contract etc.
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NOTE: Attach following document in Annexture section:
1. Branch name and address you visited
2. Name, address and contact number of the officer you met for collecting required
information
3. Scanned copy of pamphlet or any other useful document with signature and
stamp of contacting officer (for verification purpose)
4. You are strictly advised to use your own language while writing your
assignment as the copied assignments will be marked as ZERO.
IMPORTANT:
24 hours extra / grace period after the due date is usually available to overcome
uploading difficulties. This extra time should only be used to meet the emergencies
and above mentioned due dates should always be treated as final to avoid any
inconvenience.
IMPORTANT INSTRUCTIONS/ SOLUTION GUIDELINES/ SPECIAL
INSTRUCTIONS
DO YOUR WORK CLEAN & COMPLETE
OTHER IMPORTANT INSTRUCTIONS:
DEADLINE:
• Make sure to upload the solution file before the due date on VULMS.
• Any submission made via email after the due date will not be accepted.
FORMATTING GUIDELINES:
• Use the font style “Times New Roman” or “Arial” and font size “12”.
• It is advised to compose your document in MS-Word format.
• You may also compose your assignment in Open Office format.
• Use black and blue font colors only.
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REFERENCING GUIDELINES:
• Use APA style for referencing and citation. For guidance search “APA
reference style” in Google and read various websites containing information
for better understanding or visit
[Link]
RULES FOR MARKING
Please note that your assignment will not be graded or graded as Zero (0), if:
• It is submitted after the due date.
• The file you uploaded does not open or is corrupt.
• It is in any format other than MS-Word or Open Office; e.g. Excel,
PowerPoint, PDF etc.
• It is cheated or copied from other students, internet, books, journals etc.
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