Al Yusr Leasing and Financing has entered into a joint venture agreement with “Al Sultan”, which is operating consumer goods trade business in Al-Qassim, aiming to provide consumer finance services under Murabha program for customers willing to buy consumables, including household appliances and electronics from “Al Sultan” branches. Under this agreement, Al Yusr Leasing and Financing affirms the important cooperation on offering financing programs and enabling expansion activity in Al-Qassim markets for purposes of promoting and up-levelling sales and developing market performance in electrical and household appliances sector. This is the time to offer such programs to be ready for summer occasions.    Subject to this agreement, Al Yusr applies Murabha financing program as per the Regulations for Consumer Financing, in compliance with Islamic Shariah. Through this program, the customer willing to buy his needs will apply for financing purchase of goods. After Al Yusr agrees to provide finance service, it will buy the required goods from the source and sell them to the customer at an agreed markup. The beneficiary will thereafter repay the financing value in specified installments as agreed between both parties. Al Sultan shall, subject to the agreement, provide office spaces for Al Yusr Leasing and Financing staff at its four branches in Al-Qassim for facilitating the provision of direct finance services to customers and ensuring that they will get the service as soon as possible as per the approved terms, which will, in turn, be reflected on increasing turnover and maintaining customers segment of both parties. The agreement is signed by Jamal Saad Al-Qahtani, Business Executive Director, for Al Yusr Leasing and Financing, and Mohamed Abdullah Al Sultan, Executive Director, for Al Sultan. Al Yusr Leasing and Financing is looking forward, through this agreement, to expand its direct services provided to its customers in consumer financing for individuals through 22 branches across 16 cities, in collaboration with Al Sultan 4 branches in Al-Qassim.