Key customer requirements
- Legal entities (JSC, LLP) & individual entrepreneurs,
- KIC does not provide leasing services to the legal entities and individual entrepreneurs, that have activity in production or trade facility in alcohol and tobacco, gambling, and other which is prohibited in Islam,
- Companies that are not start-up (should have 2 years track records(*)
- Companies with good business background and market stance with a good reputation
- Companies having good financial reports and positive cash generation.
(*) Companies with less than 2 years track records can be assessed on case basis
General conditions for Direct leasing (IJARA)
- Tenor: 3+ years;
- Minimal advance payment by client: 20% of asset value;
- KIC profit margin: individually;
- Processing fee: 1% from lease amount;
- Full coverage of insurance of the leased asset over the leasing term;
- Installation of GPS equipment to the lease assets with monitoring and tracking system, with providing of rights to distance engine stop function to KIC Leasing, before the transferring of the leased assets to leasing;
- Leasing amount from 50,000 USD to 1,600,000 USD (*)
(*) Upper limit can be increased depending on the project and client’s financial situation