Leasing Company Ansar Leasing attracted from the Islamic Corporation for Private Sector Development a loan of $ 4 million.
As the general director Jeyhun Nagiyev said, the funds are allocated for a period of 3 years at 9 percent per annum.
In the first half of this year, the company's portfolio was $ 17 million and the share capital amounted to AZN 5 million.
Ansar Leasing was established by the Islamic Corporation for Private Sector (ICD) in mid-2009. This is the only leasing company in Azerbaijan working on Sharia principles (Islamic banking). It is also the most capitalized company in this segment of the economy. -15D -
Economics
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
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