This sector is one of the main sectors that contributes to the economic growth and stability since it provides the means of increasing local investment in economies. It does not require finance concrete guarantees and approval terms whether this is in the form of long-term credit date or an asset base to be used as guarantees, since the financial leasing sector is built on the basis that profit comes from the use of assets not their acquisition, as well as the tenant's ability to achieve cash flows resulting from the asset`s operation, thus leasing becomes of particular importance in small and medium-sized industrial enterprises. This sector also proceeds in accordance with the provisions of Islamic Sharia.
Accordingly, the Authority has undertaken to develop this sector and lay down the right foundations for building and creating an appropriate environment for its work. while encouraging investment, the Authority cooperates and coordinates with relevant stackholders, such as the Ministry of Transportation, the Department of Land, and Taxation Departments at the Ministry of Finance, to find appropriate work mechanisms for this sector.
The number of licensed companies in the financial leasing sector has reached 8, while the relevant leasing law is approved by the council of ministers in 22/9/2011, which in its role aims to create a legal framework in Palestine for developing leasing services in accordance with international standards.