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Relevant Activity (pursuant to Article 4 of Cabinet Resolution No. 31 of 2019)

  • Lease Finance Business

    Core Income Generating Activities (non-exhaustive) (Article 5 of Cabinet Resolution No. 31 of 2019)

    • Agreeing funding terms.
    • Identifying and acquiring assets to be leased (in the case of leasing).
    • Setting the terms and duration of any financing or leasing.
    • Monitoring and revising any agreements.
    • Managing any risks.

      Regulatory Authority (pursuant to Cabinet Resolution No. 58 of 2019)

      • UAE Central Bank
      • The competent authority in the Free Zone and Financial Free zone for the Lease-Finance Business.