Getting the Tools to Offer Islamic Leasing

1
Getting the Tools to Offer Islamic Leasing

• Majid Dawood
• CEO
• Yasaar Limited
• Leasing Life Islamic Leasing Conference
• Millenium Hotel London
• May 27 2004

2
A Brief Introduction To Islamic Finance

• Current Revival
• Growing worldwide interest
• Market place
• Muslim countries
• The growing Muslim Diaspora in non Muslim
  countries UK, USA South Africa
• Future growth in new emerging markets

3
Necessary tools techniques

• The necessary tools and techniques for offering
  Islamic leasing
• Commitment to the sector
• Product development
• Current status of leasing as a product
• Tried and tested
• Jurisdictional and market acceptance

4
Tools techniques continued

• Good advice -- Essential to have lawyers, bankers
  and Shariah Scholars familiar with Islamic
  Finance
• Development of appropriate documentation for the
  relevant leasing products and markets
• An experienced Shariah Board
• To oversee and confirm Shariah compliance in
  product structuring and documentation
• To monitor on-going Shariah compliance by
  reviewing lease transaction randomly

5
Tools techniques continued

• Good distribution
• By market analysis
• By client base
• Marketing through target media channels used by
  potential Muslims clients

6
Conclusion

• Review of tools
• Growing market
• Sector commitment
• Right product
• Shariah compliance with on-going reviews
• Focused marketing
• Distribution
• Value added opportunity