Financial Leasing in the Mena Region: Analysis of the Institutional and Legal Aspects

The aim of the research paper is to make an assessment of the industry of financial leasing and ascertain the role that it plays in the enhancement of financial intermediation in different MENA nations. The approach was known to have followed involvement of both comparative and critical analysis of the financial indicators and the review of institutional, regulatory, and legal frameworks in the chosen countries. This paper also identifies the various impediments and sets forth numerous policy recommendations on promotion of the role playing by the financial leasing sector in the enhancement of financial systems and the strengthening of enterprise access in order to finance firms and more so those on the small scale. It is quite apparent that numerous nations in MENA have indeed made significant strides in the most recent times towards the development of financial leasing. However, it is important to note that there are indeed numerous challenges ahead that need to be addressed.