English: lease to own
Alternate spellings: Ijarah Muntahia Bittamleek; Ijarah Muntahia-bi-tamleek (Also abbreviated as IMBT; also known as Ijarah wa Iqtina)
Definition: Simply it means a lease that ends with the ownership transferred to the lessee where the Islamic financial institution finances the property or equipment against mutual agreed rental instalments that consists of profit and principle, where profit can be fixed or floated (variable) as agreed.
