Islamic leasing business "Islamic leasing business" means the business of letting or subletting of property on hire in compliance with Shariah principles, for the purpose of the use of such property by the hirer, regardless whether the letting is with or without an option to purchase the property, including charters of ships, and for the purpose of this definition, "property" includes any plant, machinery, equipment or other chattel attached or to be attached to the earth and "charters of ships" means bareboat charters only and does not include the transportation of passengers or cargo by sea or the charter of ships on a voyage or time charter; ACT 705 - LABUAN ISLAMIC FINANCIAL SERVICES AND SECURITIES ACT 2010 60. Interpretation.