Mar 30 2008
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Mawarid Finance launches its finance services for small and medium enterprises
Dubai 30 March 2008: Mawarid Finance announced today the launch of its services for small and medium enterprises (SMEs) that include a list of different finance solutions for this vital sector in the UAE to meet its demands. These services include goods finance, car finance, machinery finance, office purchasing finance, investments, Fixed Deposits, banking guarantees, labour guarantees and stock buying finance.
The announcement was made at the conclusion of the "2nd Young Businessmen Forum" held in Ras Al Khaimah from 23-28 March. Mawarid Finance was the event's exclusive sponsor, as part of its aim to interact with young businessmen and to know their finance needs in order to best create services to meet these needs, in line with , Mawarid's mission to provide creative products with respect to the market's needs. A number of experts from Mawarid's team, from different specialties, attended the forum to advise ambitious entrepreneurs who are interested in improving their business or launching new projects.
Mr. Mohammed Al Neaimi, CEO of Mawarid Finance , made the announcement in his speech in the forum's closing ceremony on March 29. Al Neaimi emphasized that Mawarid Finance focuses in a continuous way on creating initiatives that contribute to promoting the advancement of the UAE in various fields and providing support to all sectors of society. Mawarid Finance 's active participation in this forum is part of the company's main objectives to provide support to local organizations and to improve the local community, following the example of their highnesses, the leaders of UAE and the heads of local authorities, Al Neaimi explained.
Al Neaimi added: "What distinguishes Mawarid Finance from other companies is its great focus on providing Islamic finance products and solutions that suit small and medium enterprises that comply with the principles of Islamic Sharia'a. We also provide Islamic finance products and services".
Mawarid Finance is a new private joint stock company established in Dubai, UAE, towards the end of 2006 with a paid-up capital of one billion dirhams. The company plans to introduce a new vision within the Islamic finance sector to both retail and corporate customers in the region.
Mawarid Finance is the only finance company in the UAE that is completely independent. The company's shares are distributed across 352 shareholders, with companies or organisations owning not more than 5% each of the capital and no individual shareholder's stake exceeding 2.5%, giving the company the operational freedom to secure a leading position in the Islamic banking market in the UAE.
Mawarid Finance specialises in the competitive development of Sharia'a compliant financial services, focusing on rapid growth through outstanding customer service.
Mawarid Finance is structured as an integrated financial institution that specialises in providing all services related to finance and business, responsive to the rapid growth taking place in Dubai and modelled on the spectacular development of Dubai and the UAE as a whole.
Mawarid draws its strength from a solid vision for the future articulated by a team of leading industry professionals, a close-knit network of strategic partners and business associates, and the financial backing and support of well-established shareholders
Mawarid's mission is to create superior and exceptionally innovative Sharia'a- compliant products and services, sustaining high-quality performance and maximising market share to become the first choice provider of Islamic financial solutions in a modern business environment.
For more information, please contact:
Milestones Marketing Communications
Dubai Media City - UAE
© Press Release 2008
© Copyright Zawya. All Rights Reserved.
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