DIB forms Emirates Leasing.Byline: Dubai (Image: leasing.gif ) Emirates Leasing, the new wholly-owned subsidiary of Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. Financial Information Figure 2004 2003 2002 Total Assets 30,613,361 22,778,319 19,587,790 Shareholder's Equity 2,687,419 1,548,180 1,473,986 NIAT 461,003 234,456 159,798 (DIB (1) (Directory Information Base) Also called "white pages," a database of names in an X.500 system. (2) (Device Independent B ) will start operations shortly, said a report. The new firm will provide Sharia-compliant sale and lease-back Sale and lease-back Sale of an existing asset to a financial institution that then leases it back to the user. Related: Lease. of cars and light commercial vehicles, as well as vehicle leasing Vehicle leasing refers to leasing the use of a motor vehicle for a fixed or indefinite period of time. It is commonly offered by dealers as an alternative to vehicle purchase. and fleet management services, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Gulf News report. Planned as a highly competitive option against the rental business, it is aimed at companies, which are looking to improve their fleet operation and at cost-effective outsourcing. 'The firm aims at satisfying mobility requirements, at minimising fleet costs and at improving mobility efficiency of its customers,' said an official. Emirates Leasing claims that businesses can save upto 35 per cent annually using its complete solutions which include the leasing concept and the supporting IT system. [c] Copyright 2008 www.tradearabia.com Copyright 2008 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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