Aafaq honors its success partners and signs strategic partnerships
24 March 2015In recognition to their contribution in the consolidation of its local and regional leadership in the Islamic Finance Sector UAE – Under the patronage of H. H. Sheikh Sultan Bin Mohammed Bin Khaled Al Nahyan, Chairman, Aafaq Islamic Finance, a leading provider of Islamic finance solutions and e-government services in the UAE, today (Tuesday, March 24, 2015) its strategic partners duri
© Press Release 2015
UAE – Under the patronage of H. H. Sheikh Sultan Bin Mohammed Bin Khaled Al Nahyan, Chairman, Aafaq Islamic Finance, a leading provider of Islamic finance solutions and e-government services in the UAE, today (Tuesday, March 24, 2015) its strategic partners during a special ceremony held under the topic ‘Success Partners’ at Grand Hyatt Hotel- Dubai. Aafaq honored leading local and international partners in recognition of their efforts and active contribution in Aafaq successive achievements and the support of economic development in the UAE.The ‘Success Partners’ event had a significant importance as it represents a perfect platform for the signing of new agreements with international institutions and bodies including ‘International Islamic Centre for Reconciliation and Arbitration’, ‘One Time Group’, ‘International Institute for Islamic Waqf’, ‘Bayan Center of Islamic Financial Engineering’ and ‘Islamic Finance Lawyers Network (ISFIN)’, which represent a qualitative addition to Aafaq‘s Network of strong strategic partnerships and a significant support to its ambitious expansion plans in order to have a positive impact on the Islamic finance sector and strengthen the leadership of Dubai and the UAE on the global economic map.
The list of honored partners included: “Central Bank of the UAE”, “National Bonds”, “International Islamic Financial Market (IIFM)”, “Fastlink Group”, “MENACORP”, “Tasheel”, “International Islamic Centre for Reconciliation and Arbitration”, “The International Shari’ah Research Academy”, “Flydubai”, “Air Arabia”, “Islamic International Rating Agency”, “Union of Arab Banks”, “Ministry of Health”, “Ministry of Finance”, “NASDAQ Dubai”, “General Council for Islamic Banks and Institution”, “Department of Economic Development- Dubai”, “Dubai Multi Commodities Centre”, “Malta Institute of Business Management”, and “Finance Accreditation Agency”.
Abdul Jaleel Al-Blouki, Deputy Chairman of “Aafaq Islamic Finance” praised the government’s efforts to provide a competitive environment which encourges business and investment, under the vision and guidance of H. H. Sheikh Khalifa bin Zayed Al Nahyan, UAE President, and H. H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Al-Blouki said: “the high confidence in us of our strategic partners from public and private sectors, a great impetus to continue to provide innovative financial services and products compatible with the Islamic Sharia law, and therefore to support the initiative of ‘Dubai: the capital of Islamic economy”.
Al-Blouki added: “organizing the ceremony of “Success Partners” represents our belief in the need to enhance the communication channels with our strategic partners as major players in the leadership of Aafaq. There is no doubt that our successes are closely related to the supportive role played by our strategic partners from government and semi-government authorities, private sector companies and non-profit organizations. This promotes roles integration which in turn ensures the growth, well-being and happiness of the UAE community.’Al-Blouki concluded: “We highly value the strong relationship with our strategic partners who have had an active role in the steady expansion of our affiliates and qualitative achievements of Aafq. One of these achievements is winning many local and international awards which placed it in the forefront of leading finance companies in the UAE. We look forward to strengthening mutual cooperation frameworks in line with our aspirations to make the UAE one of the world’s leading financial centers. ”
‘Aafaq Islamic Finance‘ was established in 2006 to provide innovative Islamic financial services and products that comply with Islamic Sharia to meet the needs of the markets in the UAE and the Region. Aafaq enjoys an outstanding position among the leading financial institutions which provide a variety of high quality and institution-oriented financial services
Backed by an eminent and respected group of shareholders, Aafaq – Islamic Finance was established in 2006 to provide innovative Islamic financial services and products that comply with Islamic Sharia across the UAE and the Region.The company’s strategic focus is set towards exploring and discovering available opportunities within various business sectors in order to achieve the highest return for its shareholders. Aafaq holds strategic partnerships with the Ministry of Finance and the Ministry of Labor, Department of Economic Development – Dubai, DMCC, NASDAQ Dubai , Menacorp, National Bonds, Tas’heel Centers, Fly Dubai and Air Arabia.
The company, which works closely with some of the world’s leading financial institutions, offers a variety of high-quality financial services like Corporation Finance, Retail Finance, e-Dirham, Labor Guarantees, Wages protection system, Payment for the DED, Fly Dubai reservation payment, Air Arabia reservation payment. Aafaq outlets exist in 54 “Tas’heel Centers and government departments across UAE.