Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the extension of an AED 200 million Shariah-compliant working capital facility to EasyLease, the UAE’s leading provider of integrated mobility solutions. The transaction, made through the bank’s Business Banking division, underscores Emirates Islamic’s commitment to supporting SME growth through innovative and tailored Shariah-compliant financing.
This facility will enable EasyLease to capitalise on future growth opportunities and enhance its ability to meet increasing demand across its diversified portfolio, which includes leasing, logistics support and mobility solutions. It will also support the continued investment in technology to maximise efficiencies across the business.
The partnership aligns with the UAE’s broader economic diversification agenda by enabling businesses operating in high-growth sectors to scale sustainability while maintaining strong liquidity and operational resilience.
To mark the agreement, a signing ceremony was held recently, attended by senior representatives from both organisations.
Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic, said: “At Emirates Islamic, we are proud to support Easy Lease’s continued growth and expansion. The facility provided reflects our strong confidence in the company’s business model, visionary leadership, and its strategic role in the UAE’s rapidly evolving mobility and logistics sectors. As a leading Islamic financial institution, we remain committed to being a trusted long term partner, delivering innovative, Shariah compliant solutions that enable businesses to grow sustainably and contribute to the nation’s economic progress.”
Mohamed Al Hadi, Head of Retail Banking and Wealth Management at Emirates Islamic added: “This transaction exhibits the strength of our Business Banking proposition, which is designed to support SMEs with scalable, Shariah-compliant financing solutions. We provide businesses with innovative banking tools and empower them to achieve their growth objectives while maintaining strong financial discipline”.
Ahmad Al-Sadah, CEO of EasyLease, added: “We are pleased to collaborate with Emirates Islamic. The extension of this facility directly supports EasyLease’s growth ambitions as we continue expanding our mobility solutions portfolio. The additional capital will enable us to enhance our fleet, strengthen our presence across key segments, drive technological implementation and accelerate the development of new opportunities in line with market demand. We appreciate the continued support that empowers us to advance our strategic expansion with confidence.”
Established in 2013 centered on bike leasing, Easy Lease has since expanded its business portfolio to encompass 16 companies offering leasing and mobility services including vehicle rental, delivery services, motorboat leasing, vehicle recovery, and limousine services. The group’s flagship entity, Easy Lease Motorcycle Rental PSC, currently manages a substantial fleet of over 35,000 bikes, deployed with major food and delivery companies such as Noon, Talabat, and Americana.
Emirates Islamic continues to reinforce its position as a leading provider of innovative Islamic financial structures, leading the market with Shariah-compliant product innovation.
