Ijara Management Company (IMC) a wholly owned subsidiary of The Islamic Corporation for the Development of the Private Sector (ICD) a multilateral organization, affiliated with the Islamic Development Bank (IDB) Group and REAL ECONOMY PARTNERS (REP) announced an exclusive partnership to develop Alternative Leasing (Crédit-Bail Alternatif) solutions for the French Market. (source)
REP is proud to announce the signing of a Memorandum of Understanding meant to set forth the main lines of this partnership between REP and IMC with a view to offering alternative lease solutions to French businesses.
This MOU represents a pivotal milestone in the development of a French alternative finance industry, breathing new ethics in the business life of French SMEs. The real economy, i.e. the one creating wealth, must be protected against speculative bubbles. Financial institutions can make a stand and refuse the errors of the past.REP and IMC are here to help buttress such efforts and offer fair practices, sound processes and ethical financial solutions.
Source : http://www.zawya.com/story.cfm/sidZAWYA20110609081718 - June 9, 2011
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