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Rules of Professional Conduct

  • Code of conduct

To support and ensure adherence to the principles of Islamic law and Sharia, AAYAN Leasing & Investment Company has adopted the Code of Professional and Ethical Conduct within its policies, which aims to serve as a practical guide to help the members of the board of directors and executive management of the company to do the tasks assigned to them through a system based on the values, ethical principles and professional behavior as an integral part of a strict commitment. The company strives to apply in all its financial, investment, administrative and other activities where the company works to ensure the maintenance of the rights of all parties related to the company alike. As well as enhancing the confidence of the company's shareholders in the board of directors and executive management, which has a positive impact on the company's image in local and regional conditions.

The company adopts a set of key frameworks to achieve the following:

- Show high levels of honesty, integrity, ethics and compliance with the laws and regulations governing the various activities of the company by the members of the board of directors and executive management and members of the administrative body of the company.

- Promote respect for standards of protection and promotion of the interests of shareholders and other stakeholders (including employees, customers, suppliers, creditors and the community at large).

- Direct the members of the board of directors and executive management towards the practices needed to maintain confidence in the integrity of the company.

- Identify the responsibility and accountability of the members of the Board of Directors and the Executive Management to report and investigate any violations of this charter or any unethical or illegal behavior.

- Adopt appropriate and effective standards to reduce actual and anticipated conflicts of interest with a high level of effectiveness by ensuring that staff are trained so that they can understand and address individual and institutional conflicts of interest issues, internal oversight by following up and updating its policy respecting its conflict-of-interest procedures at the level of individuals and institutions as needed. As well as external oversight by following up the business arrangement to make changes in order to take into account the non-conflict of institutional interests. 

- The Board of Directors is working to establish the principle of commitment to uphold the interest of the company, shareholders and other stakeholders and not only the interest of a particular group within the framework of the laws and regulations governing the work of the company and its activities.