Introducing the Sector

The financial leasing sector represents a key component of the non-banking finance system, as it provides flexible financing solutions that help individuals and institutions acquire assets. It is supervised by the PCMA as part of its vision to develop an effective and stable non-banking financial sector that supports economic and social development in Palestine and stimulates investment in vital sectors.

 

This sector is considered a strategic tool to enhance financial inclusion and expand the base of beneficiaries of financial services, especially in light of the financing challenges faced by certain segments and small and medium-sized enterprises.

 

The PCMA’s supervision of this sector falls within its mandate stipulated in Law No. (13) of 2004 and Law by Decree No. (6) of 2014 Concerning Financial Leasing, which forms the legislative framework regulating the contractual and professional relationships among the various parties in this field.