The first leasing company in Kazakhstan, operating in accordance with Shariah principles
Ijara leasing - long-term property lease
Murabaha - an installment purchase agreement
Compliance with Shariah principles
Openness and transparency
Flexible payment schedule
No additional collateral
Possibility of subsidization
Fast review period
JSC "Kazakhstan Ijara Company"
The first leasing company in Kazakhstan operating in accordance with Shariah principles.
Since 2013, we’ve been helping small and medium-sized businesses access financing on transparent and ethical terms.
since 2013
Experience in Islamic leasing. We work with small and medium-sized businesses. Extensive experience in the financial sector.
500+ funded clients
worth more than $140 million
25+ employees
The Company's professional team
150+ clients
Companies that trust us
Stages of cooperation
Given Kazakhstan’s rapidly growing economy and its strong focus on developing small and medium-sized businesses, the KIC’s primary focus is educating the country’s population about the principles of Islamic leasing and developing Islamic leasing products for small and medium-sized businesses.
We offer a convenient option for obtaining property in stages.
Selection of property
You select the necessary machinery, equipment or transport from the supplier
Contacting the KIC
You submit an application, we analyze the transaction parameters and offer optimal leasing terms.
Receipt of property
After approval and execution of the contract, you receive the property for use.
Company Committees
Management Ijara Committee (MIC)
Responsible for the implementation of the Ijara strategy, oversight of operational plans, risk management, and process performance assessment. Ensures coordinated management and stable operations of the Company's key areas.
Human Resources Committee (HRC)
Responsible for recruitment, employee development, workforce planning, and performance evaluation. Maintains corporate culture and motivation, and fosters a sustainable and professional work environment for the Company.
Transparent governance and responsible operations
Corporate standards
We build our management on clear rules, procedures, and international practices, ensuring the stable and transparent operation of the Company.
Reliable control system
The board of directors and committees oversee key processes, assess risks and ensure accountability at all levels of management.
Compliance with Sharia principles
The Company's activities comply with the standards of Islamic finance, with a focus on honesty, ethics, and openness.
Social responsibility
We support initiatives aimed at social development and conduct our activities in accordance with the principles of sustainable development.
Open reporting
KIC regularly informs shareholders, partners and the public about its results, programs and fulfillment of obligations.
Ethical approach to business
The company acts honestly and respectfully towards clients, employees and partners, adhering to high corporate standards.
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Questions and Answers
What is the difference between financial leasing and a loan?
Leasing is a type of rental property with the option to buy it: you use it, but ownership transfers to you at the end of the contract.
A loan is money for a purchase: you acquire the property immediately and become its owner at the time of purchase.
What is the difference between installment sales (murabaha) and leasing?
Murabaha – the property immediately becomes your property, but remains pledged until full repayment.
Leasing – the lessor remains the owner until the end of the lease term, and you use it for the entire duration of the agreement.
What documents are required at the initial stage?
At the initial stage, accounting documents are requested:
- for LLCs – balance sheet and profit and loss statement for the last three years,
- For individual entrepreneurs – declarations of form 910 for the last three years.
Subsequently, at the stage of full analysis, a full package of documents is requested (constituent documents, bank statements, etc.)
Costs borne by the Lessee when executing a lease:
- CASCO insurance + compulsory motor third party liability insurance/voluntary civil liability insurance
- Installation of GPS equipment
Property registration (state registration number/registration certificate) – independently or through an agent
Is it possible to terminate a lease agreement early?
Allowed after the first 12 months, however, early repayment will incur additional taxes (CIT, VAT on the margin according to the schedule, as well as a penalty for early termination of the lease agreement)
What happens to the property after the lease expires?
After full repayment of the obligations, the property becomes the property of the lessee.
What is the difference between Islamic leasing and traditional leasing?
Islamic leasing does not finance businesses prohibited under Islamic finance principles (such as the production/sale of alcohol and tobacco products). All late payment penalties are donated to charity.