Looking east

With growing amounts of funds available for aircraft finance and leasing deals, the world of Islamic leasing is trying to obey strict religious, as well as economic, laws to take advantage of investor confidence. But it looks like the center of activity for Islamic leasing is switching from Middle E...

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Bibliographic Details
Published in:Airfinance journal 1997-02 (192), p.24
Main Author: Collett, Naomi
Format: Article
Language:English
Subjects:
Aircraft
Airline industry
Airlines
Airports
Aviation
Banking industry
Equipment financing
Investment banking
Investors
Islam
Islamic financing
Leasing
Operating leases
Product development
Short term financing
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Summary:With growing amounts of funds available for aircraft finance and leasing deals, the world of Islamic leasing is trying to obey strict religious, as well as economic, laws to take advantage of investor confidence. But it looks like the center of activity for Islamic leasing is switching from Middle East airlines to the southeast Asian carriers. The Ijara facility for aircraft acquisition was pioneered by Al Rajhi Banking and Investment Corp., Saudi Arabia's only Islamic bank and one of the Middle East's largest banks by market capitalization, with a $60 million Islamic lease finance facility for Emirates for the purchase of an A310-300.
ISSN:0143-2257