Leasing & Financing
IJARA AN EVOLVING AND PROGRESSIVE CONCEPT
Leasing has always been a strategic activity for A'ayan since its establishment. The Company has occupied a leadership position in the field of Operating Lease surpassing older companies operating in the Kuwaiti market. That was accomplished through hard work and efforts to complete the leasing circle, which include services such as insurance, maintenance, and liquidating the returned leased assets into secondary markets.
A'ayan offers leasing and financing services to individuals and organizations through Operating and Financing Lease programs and sales in installments. Company customers can get the benefits on using or owning cars, trucks, equipment, and construction materials that they need or desire through leasing programs or financing in accordance with Islamic Sharia.
A'ayan also has two projects specialized in reselling the returned leased vehicles, in addition to providing other services to customers in the used cars market through Mudalala and Sahala car showrooms, which covers all parts of Kuwait.
Used cars earn the right to be called Mudalala (pampered) after meeting very strict conditions mainly that the car is in excellent condition and has not exceeded a certain mileage. Moreover, Mudalala cars have a history free of major accidents that could have affected the cars performance, and had been the subject of tricked periodical maintenance at certified centers. Furthermore, Mudalala cars are of new models and its manufacturers warranty is still valid for another year or two, and in many cases, the warranty can be extended for longer periods up to five years when buying the car in the form of "Lease-to-Own". In short, Mudalala cars can be described as the used cars that have received our utmost attention and care.
Mudalala showrooms cover all areas of Kuwait, spreading geographically in a well-studied plan. These showrooms and branches provide A'ayans comprehensive services. Mudalala is moving now towards regional expansion by opening branches in the GCC countries, starting with the KSA market.
The services offered by Mudalala Automobiles project include leasing used cars through annual contracts; hence, Mudalala customers enjoy all the advantages of operational leasing with attractive leasing installments.
Sahala project is distinguished for the services it provides for mainly the expatriates through facilitating the purchase and overcoming credit difficulties. The project also offers self-employed expatriate an opportunity to finance trucks and equipments through Financing Lease programs.
Sahala has showrooms in every governance in Kuwait, where new models of cars are available meeting the conditions of Sahala such as having no accidents damages and being free of major defaults. These cars are offered through simple and flexible financing programs that include many valuable services and advantages for customers, for example, through the Financing Lease program the customer receives extended warranty for the entire period of leasing contract ending with his ownership of the car.
One of the main advantages of Sahala is finding the appropriate financing solutions for those clients, who may face problems attaining finance to purchase a car, primarily negating the need for a guarantor for the expatiate customers or those with limited income or variable income such as craftsmen.
In addition, for those motivated expatiates who believe they can do more, Sahala provides equipments through its "Lease-to-Own" program to buy construction equipment and heavy trucks; this program enables expatiate contractors and small business owners from getting the financing they need.
With the continued increase in demand for construction equipment and heavy trucks contractors and operators, expatiates face increased hardships in securing finance to purchase construction equipment and heavy trucks. Sahala is a project specialized in overcoming such hardships and facilitating getting a fair opportunity of business for active expatiates in the fields of transportation and operating equipment, and who are professional in such fields.