Ijarah credit card structureThe Ijarah-based credit card is seen as a better alternative compared to the Bai al Inah and Tawarruq credit cards that have drawn much criticism. Initiated by Kuwait Finance House (KFH) in the form of the KFH Ijarah card or the recently launched baytik, it allows the cardholders to acquire durable goods on a ‘lease-to-own’ (Ijarah Muntahia Bittamleek) transaction from certain stores that have a co-operative existing relationship with the Islamic Bank. When a customer purchases the....