Added Value of Ijarah Tamwilia Service in Jordanian Islamic Bank (Case Study of Contract No: 2012/500)

Abstract

This study is one of very few studies which has investigated case study of added value of Ijarah Tamwilia in Jordanian Islamic Bank. As result to search, Customer did not get added value as result to lose Islamic conditions fairly. Customer lost benefit of managing risk of Ijarah Tamwilia up to Islamic rules and face costs more than expect. There is gap between the Shania Supervisory Board and employee which comes as result to weak control beside there is no obligatory contract come from Shania Supervisory Board to employee. As the gap cause, customer loosing contract benefit it causes to cancel contract accounting data because of losing the contract Islamic rules. Searcher recommended directing employee of Ijarah Tamwilia up to Islamic rules conditions practically which will effect on Ijarah Tamwilia service marketing and accounting because of its financing Islamic rules and Islamic investing rules to give fair added value. Employee has to work with accepted Islamic model.