Banking
Ijara — Monthly Rental Income
Collecting the monthly rental payment from the lessee under an Islamic lease.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Customer Account | Asset (+) | 750.00 | - |
| Ijara Rental Income | Revenue (+) | - | 750.00 |
💡 Accountant's Note
Ijara rental income is recognized over the lease term as the usufruct (right to use) is delivered. This is economically equivalent to interest income in conventional banking but is structured as a rental for Shariah compliance.
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