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The International Leasing & Investment Company (ILIC) is a Kuwaiti shareholding company (KSC) incorporated in 1999 under commercial companies  Law no. 15 of 1960, and the Law no. 12 of 1998. ILIC is registered with the Central Bank of Kuwait (CBK) as an investment company, and is subject to CBK’s rules and regulations. ILIC is principally engaged in leasing and investment activities and management advisory services. All activities of ILIC are carried out in compliance with the Noble Islamic Sharia. ILIC is a Public Listed Company where its capital shares are distributed among many Public Shareholders. However, strategic investors are holding more than 60% of the shares of ILIC.

ILIC is registered with and is regulated by the Central Bank of Kuwait as an investment company and it is listed at Kuwait Stock Exchange. ILIC’s current paid up capital to US $ 104.24 Million. Net profit for the period ended 30 September 2008 is US $ 22 million. Total Shareholders’ Equity is US $ 319.7 million (as at 30/9/2008). Our business operations provide a full range of financial and investment services. All business is carried out in compliance with the Noble Islamic Sharia.

Such strategic investors represent the founding shareholders and comprise mainly of the Islamic Development Bank and Aref Investment Group.

The Islamic Development Bank (Saudi Arabia)

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in December 1973. The Bank was formally opened on 20 October 1975.

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law.

The Bank is committed to alleviating poverty; promoting human development; science and technology; Islamic economics; banking and finance; and enhancing cooperation amongst member countries, in collaboration with its partners.

The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah.

The present membership of the Bank consists of 56 countries.

The authorized capital of the Bank is 30 billion Islamic Dinars and the subscribed capital is 15 billion Islamic Dinars (One ID = One SDR).

The Bank's principal offices are in Jeddah in the Kingdom of Saudi Arabia. There are three regional offices in Morocco, Malaysia and Kazakhstan and field representatives in Indonesia, Iran, Libya, Pakistan, Senegal, Sudan, Gambia, Guinea Bissau, Mauritania and Algeria.   

http://www.isdb.org

Abraj Holding Company (Kuwait)

Al-Abraj Holding Company is a Kuwaiti Shareholding Company (KSC) incorporated in 1999 and its a listed company in Kuwait Stock Exchange market with a capital of 17 million Kuwaiti dinar (approximately 60 million USD) and its one of the largest companies in the services sector in the middle east.

Al-Abraj Holding Company owns lots of subsidiaries to provide all type of services to its clients in the middle east.  

http://www.alabrajholding.com


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