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May 02 2011

Mawarid Finance Launches IFS

Rehab Lootah, Managing Director, IFS.
Rehab Lootah, Managing Director, IFS.

Dubai, May 2nd 2011: Mawarid Finance launched IFS the new company within the group to be the one-stop-shop service provider for all Islamic Banking and Takaful outsourced services.

IFS shall provide distinct operational banking services, business and technical consultation in the region through a combination of robust delivery process, people and technology.

The Board of Directors appointed Rehab Lootah as the Managing Director of the new company beside her designation as the Chief Business Development & Sales at Mawarid Finance .

IFS shall provide the traditional banks with service of converting their services and products to be sharia compliant, beside the Operations Services including collections, IPO Services, business start-up services, Investment Services, Contact Centre Operation, and Tele Sales beside the corporate governance and Corporate Social Responsibility

Mr. Mohamed Ali Mosbeh Al Nueimi, CEO Mawarid Finance said "IFS shall provide the Government Institutions and private companies with efficient database systems that help them manage their activities, provide training for their staff, it also provides a well-established call Centre services", he added "IFS shall extend its activities to the other region markets".

Rehab Lootah, IFS Managing Director said "with our top-notch qualified and professional team, IFS provides Islamic finance consultancy services such as the Fatwa and Sharia Board foundation, provides specialized training courses on Islamic Finance, in addition to developing quality products for corporate and individual clients, the company provides the corporate support such as marketing and promotion plans, marketing and public relations services".

-Ends-

About Mawarid Finance :
Mawarid Finance is a private joint stock company established in Dubai, UAE, towards the end of 2006 with a paid-up capital of AED one billion. The company was founded with a vision to become a leader within the Islamic finance sector and deliver best-in-class service to both retail and corporate customers. We are proud to say that this vision is bearing fruit with much more to come.

Mawarid Finance 's strategic approach is to identify all investment opportunities available in both local and international business sectors to broaden our reach, diversify revenue streams further, and cement our place as an industry leader.

For more information please contact:
Zahra E. Mohamed
Mawarid Finance
Telephone No: 04 3040872
Email: mohamedz@mawarid.ae
Or visit the website: http://www.mawarid.ae

© Press Release 2011


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