Azerbaijan, Baku, 11 February/ corr. Trend U. Ismayilova/ The leasing company Unileasing launched its first project in line with Islamic principles, the company said on 11 February.
In addition to the traditional system of financing in the company, Unileasing launched the second project carried out on the principles adopted by Islamic financial institutions.
The characteristic feature of the project is that interest rates will be absent between Unileasing and the customer in the process of leasing operations.
The financing will be in the real estate for commercial purposes in the amount of AZN434,000.
Consultations have been held with experts from leading banks of Malaysia, who are one of the leaders in Islamic banking, in order to carry out the first project on Islamic principles.