Al Yusr Leasing & Finance is proud to be a partner in the success of many companies and SMEs thanks to its innovative financing programs that are designed to cover the needs and meet the targets of these companies to achieve the desired success. Therefore, whether they need equipment to increase productivity or additional financing for business development, Al Yusr will be their gate for higher horizons.

The Shariah compliant financing programs have unique features that have been formulated to serve many sectors including:

• Transport and logistics.
• Commercial and industrial sector.
• Manufacturing sector.
• Medical and health services.
• Competitive profit margin.
• Financing period up to three years.
• Full coverage insurance (in case of leasing finance).
• Transfer of ownership of equipment in the name of the customer, except the installment programs where ownership is in the name of the customer from the beginning.

Required documents:

• Letter from the client stating the purpose of the financing.
• Filling out the identification form.
• Filling out the credit facility form.
• Quotation.
• Copy of the business commercial register.
• Copy of the certificate of membership of the Chamber of Commerce and Industry.
• Copy of ID.
• Nitaqat.
• List of workers under the company's sponsorship.
• Sketch of the company's location
• Copy of the lease contract.
• Copy of the company's lease contract.
• List of vehicles owned by the company.
• List of assets.
• List of underway and completed projects.
• Articles of incorporation (construction companies only).
• Copy of the General Investment Authority (GIA) license.
• Business permit for car rental companies.
• Business permit for industrial companies.
• Business permit for cab companies.
• Mortgage documents.

 

Note: Terms and specifications may vary by sector and company