Ijaazat

Ijaazat is a concept in Islamic finance that refers to a formal permission or authorization granted for a specific action, contract, or transaction, often related to the use or transfer of certain financial assets or rights. It ensures that all involved parties have legitimate approval before proceeding, aligning with Islamic principles that emphasize transparency and fairness. In practical terms, Ijaazat provides legal and ethical legitimacy, helping to prevent unauthorized dealings and fostering trust within financial and contractual arrangements consistent with Shariah law.