Leasing

Leasing is divided into Operating Lease and Transfer Ownership Lease

Operating Lease
It is when the company buys different assets available in the market, and then rents them to its clients in return for a specific amount and for a specific period, in accordance with the agreement signed by both parties, and at the end of the lease period the leased asset ownership returns to the company. This type of lease fulfills the needs and objectives at convenient prices.

Transfer Ownership Lease
The company allows the client to own the asset at the end of the lease period. In this type of lease the client is incapable of purchasing the asset or owning an asset that he wants to sell and benefit from its value and benefiting from the asset at the same time. In lieu the company buys the asset and then rents it for an agreed specific amount and period, and at the end of the lease period the company transfers the ownership to the client as a gift or at market value, or by an agreed amount by both parties after the settlement of the full lease amount.

The benefit from the transfer ownership lease is that it allows the client to benefit from the asset during the lease period, in addition to being able to own it at the end of the lease period.

Funding policy
The company finances cars, real estates, motorbikes, furniture and diverse products for individuals and companies. The important financial policies are:

  • Finance should be carried out in accordance with the law and Sharia
  • The value of finance should not be less than 60,000QR.
  • The clients salary or income should not be less than 5,000 QR.

Besides other guaranties and conditions which are case dependent

Leasing is divided into Operating Lease and Transfer Ownership Lease
Corporate Form Retail Form