Can the bank start calculating the rent before I receive the asset?

In a lease, the rent is tied to your ability to use the asset, not simply to the bank paying the supplier.

Steps

1. Therefore, the delivery date and actual ability to use the asset are crucial.

2. If the payment or rent begins before you take delivery of the vehicle or unit, request a written explanation of the lease term's start date and how the first payment was determined.

Source

• AAOIFI — Sharia Standard 9: Ijarah and Ijarah Muntahia Bittamleek