Aircraft financing & leasing

Aircraft is high-value and long-term investments, which require a specialized financial ecosystem to support aircraft acquisition through different financial instruments

Make an Enquiry

Establishment of Aviation leasing company through AIFC Aviation Finance Hub platform provides:

English Common Law Jurisdiction
Fiscal Advantage
Asset Safety

Providing Credit License

Providing Credit means providing a Credit Facility to another person through any arrangement or agreement that extends monetary credit, whether funded or unfunded.

Credit facilities may include:

Loans and syndicated loans;
Mortgages;
Overdraft facilities;
Financial leases;
Letters of credit;
Financial guarantees;
Trade finance;
Transaction finance;
Project finance;
Asset finance;
Commercial captive finance (where applicable).

Requirements

Requirement	Details
Application Fee	14,000 USD (paid once)
Registration Fee	500 USD (via portal) or 1,500 USD (paper application)
Supervision Fee	9,800 USD annually
Minimum Capital Requirement	Base Capital Requirement: 2 million USD
Liquid Assets Requirement	Must be maintained in accordance with AIFC Banking Business Prudential Rules.
Internal & External Auditor	Required

Organisational Structure

Board of Directors;
Senior Executive Officer (SEO);
Finance Officer;
Compliance Officer;
MLRO and Deputy MLRO;
Risk Manager;
Internal Audit Manager;
Risk Committee, Compliance Committee and other relevant committees.

* MLRO must be a resident of Kazakhstan.

More Information

AFSA – Providing Credit License

Providing Islamic Financing

Providing Islamic Financing means providing financing in a Shari’ah-compliant manner by entering any Islamic Financial Contract.

The scope of Providing Islamic Financing includes lease-based contracts. Ijarah (an Arabic term for “lease”) is the Shari’ah-compliant Financial Contract for leasing and is the principal Islamic finance alternative to conventional finance and operating leases.

An entity applying for this license must demonstrate that its products, contracts, and operations comply with Shari’ah principles. This typically involves establishing a Shari’ah Supervisory Board (SSB) to approve and oversee all transactions.

Ijarah and IMB sukuk represent the holder’s proportionate ownership in leased assets where the sukuk holders collectively assume the rights and obligations of the lessor.

The sukuk holders are entitled to a share of lease rentals in proportion to their ownership shares in the leased assets.

As a proportionate owner, an Ijarah or IMB sukuk holder assumes a proportionate share of:

Any loss if the leased asset is destroyed;
The cost of meeting the obligation to provide an alternative asset.

Requirements

Requirement	Details
Application Fee	14,000 USD (paid once)
Registration Fee	500 USD via self-service portal or 1,500 USD via paper application to [email protected]
Minimum Capital Requirement	2 million USD
Liquid Assets Requirement	Liquidity Coverage Ratio must be calculated in accordance with AIFC Islamic Banking Business Rules 10.25.
Internal & External Auditor	Required

Organisational Structure

Board of Directors;
SEO, Finance Officer, Compliance Officer, MLRO and Deputy MLRO;
Risk, Investment and Compliance Committees;
Shari’ah Supervisory Board (minimum 3 members);
MLRO must be a resident of Kazakhstan.

Requirements for Ijarah Contracts

The asset must exist at the time of sale or lease.
The asset must be in the legal and constructive possession of the Islamic Bank.
The asset must be used only for activities permissible by Shari’ah.

More Information

AFSA – Providing Islamic Financing

Frequently Asked Questions

Explore our FAQ section for quick answers and additional guidance

Handbooks

Dive into our library for helpful information and downloadable resources

Contact information

[email protected]
+ 777 75291549