1. Almaty 2017

2. KIC leasing is the first leasing Company providing Islamic finance in Kazakhstan
KIC performs its activities in compliance with laws of Republic of Kazakhstan and under Islamic (Sharia) Principles of which providing transparent and accountable leasing solutions
Started operation in January 2014
First disbursement in May 2014
Head office in Almaty, targeted local presence in Astana and Atyrau
The Announced Share Capital is USD 40 mln and initial paid up capital is USD 28 mln

3. Mission Vision Strategy
KIC Leasing
Mission
to increase awareness and presence of Islamic financial products in Republic of Kazakhstan
by doing so to meet the needs of entrepreneurs with leasing product to support their business while contributing to the economy of Kazakhstan
Vision
to become the leading private leasing company in Kazakhstan, where the all activity will be Sharia compliant;
to assist the development of SME segment in Kazakhstan
Strategy
Wide penetration across the country
Being pioneer in Kazakhstan by implementing the most efficient operation to reduce unnecessary bureaucracy without ruling our risk factors
Diversifying funding sources

4. Shareholders structure and information
Islamic Corporation for Development of Private Sector (ICD) – 36%
ICD is a multilateral organization with authorized capital in the amount of $2.0 billion. Its shareholders consist of the Islamic Development Bank, 51 member countries, and five public financial institutions. ICD is the main sponsor of Islamic leasing companies currently operating in 12 different countries and expected to be opened in total in 25 countries before 2018.
Zaman Leasing (Republic of Kazakhstan) – 18%
Zaman Leasing LLP is presented in the Kazakhstani leasing sector from Company is focused on leasing financing of Corporate and SME sectors. Company is partner of ICD in many Leasing Companies established in post-soviet countries.
Aktif Yatirim Bankasi AS (Turkey) – 14%
Aktif Bank is the largest investment bank of Turkey. The Bank operates in retail banking, investment banking and regional banking areas. The bank has very innovative approach to retail business and new generation products, therefore was awarded by many international business clubs.
Al Hilal Leasing (Republic of Kazakhstan) – 14%
Al Hilal Leasing is a company established by UAE investors. Company is focused on leasing financing of Corporate and SME sectors, based on the Sharia Principles.
Kolon World Investment Co. Limited (Hong Kong) – 11%
Kolon is one of the biggest conglomerate in South Korea being pioneer business group especially in textile and chemical industry. Over the years, Kolon has diversified its specialty in different area of industry such as chemicals, construction, and others that have led the rapid growth and contributed to development of the Korean economy.
Eurasia Group AG (Switzerland) – 7%
Eurasia Group AG is the National Distributor of John Deere in Kazakhstan and Kyrgyzstan. John Deere is one of the largest manufacturers of agricultural machinery in the world.

5. Strengths KIC Leasing Well managed international company
Reputable shareholders and BoD composition with high standard execution of Corporate Governance
Pioneering products and activity compliant with Sharia principles
Strong Internal Control and Compliance system & External audit by KPMG for the last 3 years
Tailored Management Information System
Management with international banking background

6. Portfolio information (as on Nov 2017)
Financials outlook
Financial Highlights
(as of Nov 2017)
Asset size: KZT 6.6 bln
Lease portfolio: KZT 5.6 bln
Cash and cash equivalents: KZT 250 mln
Shareholders Equity: KZT 5.7 bln
Net profit 2015: KZT 994 mln
Net profit 2016: KZT 8 mln
Net profit 11m 2017: 71.6 mln
Portfolio information (as on Nov 2017)
Rent Receivable: KZT 6.9 bln
Number of clients: 56
Number of leases: 90
Av. Ticket size: KZT 83 mln
Av.Tenure: 39 months
Average profit rate: 15.5%

7. Portfolio Diversification
Portfolio Segmentation
Portfolio Diversification

8. Options Option 1 Option 2 Option 3 Option 4 Funding structures
Investor places Islamic deposit Restricted Wakala in an Islamic bank with the purpose of financing KIC. Investor will get Wakala profit. Islamic bank further finance KIC.
Option 1
Investor can provide analog of Wakala to KIC as money for trust management with the purpose of financing of lease transactions. The Investor will get profit under trust management.
Option 2
Investor can do Commodity Murabaha transaction with KIC. Money will be provided to KIC through purchase of some commodity (e.g. metal) and sale with profit by deferred repayments.
Option 3
In case of opening Islamic window, banks can provide funding trough different Islamic products: Wakala, Murabaha, etc.
Option 4

9. Restricted Wakala – money deposited in an Islamic bank
Places money to the Islamic bank (Restricted Wakala)
Commodity Murabaha
Investor
Islamic Bank
KIC
Islamic bank pays as per schedule with planned profit
Pledge of lease portfolio/ Pledge of bank account can be provided under Commodity Murabaha

10. Wakala – money for trust management
Transfers money for Trust management (Wakala)
Finance leasing transactions
Investor
KIC
Lessees
KIC Pays as per schedule with planned profit
KIC gets remuneration for Trust Management
Ownership for transferred money and lease portfolio belongs to the Investor
Tax obligations are fulfilled by KIC
KIC have separate accounting for assets under Trust management

11. Commodity Murabaha scheme
Buyer of commodity (Broker B)
Seller of commodity (Broker A)
step 4.
Investor buys commodity with immediate delivery and payment
step 6.
KIC sells commodity with immediate delivery and payment, at purchase price of the Investor
Step 1.
Investor and KIC sign Murabaha Agreement
Step 2.
Investor sends main terms and conditions
Step 3.
KIC sends offer for purchase of commodity
Investor
KIC Leasing
Step 5.
Investor sends acceptance of offer for purchase of commodity with immediate delivery and deferred payment with profit Investor and KIC sign Murabaha Agreement

12. Facilities/ Contacts RC Maxima 51/78, Kabanbay Batyr str.,
1st floor, office 63, Almaty, Kazakhstan
tel./fax:
Yusuf Karsi CEO
Aigerim Ilyassova CFO
Margarita Agabekova COO
Gulali Zubanov Head of Marketing