YOUSSEF ABOUL-NAJA: Islamic leasing

Expert Industry Curator: Youssef Aboul-Naja

Senior Associate, The Islamic Corporation for the Development of the Private Sector (ICD) – Saudi Arabia

Topic area

Islamic Leasing

 Highlight

Islamic Finance refers to a financial system that operates in accordance with Shariah, or Islamic, law. Just like conventional financial systems, Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies. The salient feature of Islamic Finance is its emphasis on social equity.

Summary
Islamic Finance refers to a financial system that operates in accordance with Shariah, or Islamic, law. Just like conventional financial systems, Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies. The salient feature of Islamic Finance is its emphasis on social equity. Ijarah is an exchange transaction in which a known benefit arising from a specified asset is made available in return for a payment, but where ownership of the asset itself is not transferred – in other words, Ijarah is a leasing mode of finance that adheres to Shariah law.
 

 

About Youssef Aboul-Naja

Youssef Aboul-Naja is a leasing / Ijara professional with over 10 years of international experience and a track record of delivering strong results in areas ranging from credit analysis, business development, team leadership, and portfolio management. His current role entails managing equity investments in various Ijara & Investment companies located across the Middle East, Asia and Central Asia. Youssef is currently a Board Member for Kazakhstan Ijara Company (Kazakhstan), Ansar Leasing (Azerbaijan), Caspian International Investment Company (Azerbaijan) and Ijara Management Company (Bahrain). He holds an MBA from the University of Liverpool, and a Masters in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF).