Question 1

What is Specialized Leasing Company?

Accepted Answer

Specialized Leasing Company (SLC) is a specialized finance company in Jordan that focuses on providing financial leasing services to both individuals and businesses. As a member of the Housing Bank Group for Trade and Finance, SLC operates as a non-bank financial institution specializing in asset-based financing solutions. The company is licensed by the Central Bank of Jordan as a specialized financing company under Finance Companies Regulation No. (107) of 2021.

SLC serves diverse market segments including retail customers, real estate developers, contractors, industrial businesses, medical facilities, and transportation companies throughout Jordan.

Question 2

When was Specialized Leasing Company founded?

Accepted Answer

Specialized Leasing Company was founded on May 30, 2005, by the Housing Bank for Trade and Finance as a private shareholding company. The company commenced its operational activities in 2006 with an initial capital of 30 million Jordanian Dinars.

The establishment of SLC was part of Housing Bank Group's strategy to diversify its financial services portfolio and provide specialized leasing solutions to the Jordanian market. This allowed the group to offer alternative financing mechanisms beyond traditional banking products.

Question 3

Where is Specialized Leasing Company headquartered?

Accepted Answer

Specialized Leasing Company is headquartered in Amman, Jordan, specifically in the Um Uthaina area on Saed Bin Abi Waqas Street. The company maintains close operational ties with its parent company, Housing Bank Group, which has its main complex in the Shmeisani district of Amman.

The company's headquarters serves as the central hub for its leasing operations and administrative functions across Jordan.

Question 4

Where does Specialized Leasing Company operate?

Accepted Answer

Specialized Leasing Company operates throughout the Hashemite Kingdom of Jordan, with a particular focus on major urban centers and economic hubs. The company has a strong presence in Amman, the capital city, and extends its services to other key Jordanian cities including Irbid in the northern region.

SLC's real estate leasing portfolio includes properties in various neighborhoods across Amman such as Airport Road, Dabouq, Dahyet Al Nakheel, Queen Rania Street, and Al Thahir, as well as multiple locations in Irbid including Rabieh, Aydoun, and Al Huson.

Question 5

What services does Specialized Leasing Company offer?

Accepted Answer

Specialized Leasing Company offers a comprehensive range of financial leasing products and services:

Real Estate Leasing: Residential apartment leasing programs, financing for real estate developers and contractors, commercial property leasing, and solutions for property ownership instead of rental.

Vehicle and Transportation: Personal vehicle financing, fleet leasing and management for businesses, buses and trucks for commercial use, and employee transportation solutions.

Medical Equipment: Financing for medical devices and equipment for hospitals, clinics, and healthcare providers, with the financed assets serving as the primary collateral.

Industrial Equipment: Machinery and production line financing for industrial facilities, equipment for contractors, and financing for businesses regardless of project size or age.

Commercial Equipment: Machinery and trucks for the contracting and transport sectors, and various business equipment needs.

Digital Services: SLC Mobile app for managing financial leasing contracts, eFAWATEERcom integration for easy installment payments, online leasing calculator for monthly installment estimates, and digital application submission through their website.

Question 6

What makes Specialized Leasing Company unique?

Accepted Answer

Specialized Leasing Company distinguishes itself through several key features. As part of the Housing Bank Group, one of Jordan's largest financial institutions, SLC benefits from strong institutional backing and extensive experience in the financial sector.

The company's asset-based financing model allows customers to obtain financing with minimal additional guarantees, relying primarily on the financed asset itself as collateral. This approach provides greater flexibility compared to traditional bank financing.

SLC offers financing covering up to 100% of an asset's value with competitive rental yields and flexible installment arrangements that can be aligned with contract periods and cash flow patterns. The company has also embraced digital transformation through its SLC Mobile app, providing customers with seamless contract management capabilities.

Additionally, SLC serves as the institutional umbrella for the Specialized Islamic Finance Company, launched in 2021 to provide Sharia-compliant financing solutions, demonstrating the company's commitment to serving diverse customer needs.

Question 7

What type of financial institution is Specialized Leasing Company?

Accepted Answer

Specialized Leasing Company is classified as a Specialized Finance Company (also known as a specialized financing company) under Jordanian financial regulations. This designation is specifically defined and regulated by the Central Bank of Jordan under Finance Companies Regulation No. (107) of 2021.

As a specialized finance company, SLC is not a traditional bank but rather a non-bank financial institution focused exclusively on leasing operations. This classification allows the company to provide asset-based financing solutions while operating under a distinct regulatory framework from commercial banks.

Specialized finance companies in Jordan are authorized to conduct specific financial activities—in SLC's case, financial leasing—and are supervised by the Central Bank to ensure compliance with applicable financial regulations and maintain the soundness of the financial system.

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