A successful contribution of “Aafaq” to Ras Al Khaimah Happin…


Ras Al Khaimah; United Arab Emirates: “Aafaq Islamic Finance” today concluded its successful contribution to the activities of the fourth edition of the Ras Al Khaimah Happiness Festival 2022, which was launched by His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and ruler of Ras Al Khaimah, accompanied by Sheikh Saud bin Saqr Al Qasimi. The festival was organized by Ras Al Khaimah Exhibition Center – one of the institutions of the Commerce Department of Ras Al Khaimah, from February 11 to 15, 2022 at the corniche of Al Marjan Island in the emirate.

Throughout the festival, the “Aafaq” booth attracted visitors with offers on credit cards (cashback up to 2%), personal finance services (finance rate as low as 5% and loan amount up to 1 million dirhams), car financing (car financing from 1.75%), real estate financing and financing for SMEs. In addition to offers on transport tickets, hotel reservations, free internet cards and the moratorium on payments, with chances of participating in withdrawals on the “Sohoubat” product (deposit a minimum sum of 500 dirhams in Sohoubat and for a chance to win cash prizes). In addition, Aafaq offers other services unique to “Aafaq”, including financing options at low rates and on competitive terms, as well as other products compliant with Islamic law, which has made the presence in the “Aafaq” stand in this edition.

Rashid Mahboob Al Qubaisi – CEO of Aafaq Islamic Finance – thanked the Ras Al Khaimah Exhibition Center for the successful and distinguished organization which excelled in all organizational and technical aspects of the Happiness Day 2022. He added: “We are proud to participate in a festival that aims to promote the concept of happiness through social initiatives of a cultural and recreational nature, which reflect the orientations of the wise management to provide all the causes of happiness to the citizens and residents”.

Mohammed Al-Dosari, Commercial Director of Aafaq Islamic Finance, thanked the Ras Al Khaimah Exhibition Center for hosting the successful national festival and added, “Aafaq continues its strategy to provide offers and products of innovative financing”.

This year’s festival activities include entertaining games, activities and promotional offers, in addition to the participation of 10 different performance groups from Saudi Arabia, India and the Philippines, as well as Emirati folk performances. Not to mention the launch of fireworks, for which the emirate of Ras Al Khaimah is famous, and topped the Guinness Book of World Records for the longest chain of fireworks for three consecutive years.

It should also be noted that “Aafaq Islamic Finance” is a private joint-stock company established in 2006 as a finance company operating in accordance with the provisions of Islamic Shariah; Based in the emirate of Dubai, it offers a wide range of financing and investment programs compatible with Islamic Shariah; in addition to providing various financial services and products based on the highest levels of quality and efficiency, through its branches located in different regions of the country.

About “Aafaq Islamic Finance”:

Aafaq Islamic Finance PJSC was established in 2006 and offers a wide range of high-quality, Sharia-compliant banking products and services to businesses and individuals. It is unique as one of the fully independent finance companies in the UAE. In addition, the “Aafaq Islamic Finance” strategy focuses on exploring opportunities in various business sectors and strives to achieve the highest levels of happiness for its clients, including shareholders, consumers, employees, strategic partners and community members.

“Aafaq Islamic Finance” depends on the strength of its strategic partnerships with key authorities and institutions in the UAE, including Ministry of Finance, Ministry of Human Resources and Emiratisation, Dubai Economy, Emartek, Trakhees , First Abu Dhabi Bank, in addition to ‘Tasheel’ and ‘Amer’ and many other business centers and individuals. “Aafaq” provides customers of these bodies and institutions with various services, such as e-dirham, labor guarantees, wage protection system, payment services for Dubai Economy, mobilizing Noqodi balances and others, in addition to a wide range of financing solutions and intelligent payment solutions for businesses and individuals.


Legal disclaimer: MENAFN provides the information “as is” without warranty of any kind. We assume no responsibility for the accuracy, content, images, videos, licensing, completeness, legality or reliability of any information in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.

Comments are closed.