According to The National, Boeing Capital is looking into partnerships with Middle Eastern and African financial institutions to create shariah-compliant aircraft funding for its customers in the region.
The National reports this idea follows the implementation of the Alif Fund, a similar leasing product set up by Boeing rival Airbus in 2014.
The National adds the talks are still in the very earliest stages, quoting Vasgen Edwards, managing director for Middle East Africa customer finance at Boeing, on any timeline being “a bit premature.”
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