Dubai - In a prestigious event at Armani Hotel, Dubai which took place on Thursday, 27th of April, Mawarid Finance honored its strategic partners including ten major exchange companies in UAE which actively contribute in the success of Ojoor Card and support Mawarid activities. Mawarid Ojoor Card has been launched in response to the UAE government initiative to protect the labour rights through wages protection system in 2013.
Mohamed Al Nuaimi, CEO and Managing Director of Mawarid Finance, welcomed the attendants, and valued the cooperation with Mawarid’s strategic partners who provide their support and contribute to the success of Mawarid products and cards which satisfy their clients’ needs including the Small and Medium Enterprises (SMEs). He added that “Mawarid policy aims at establishing solid relations with all the government and private sectors, we created partnership with Master Card to provide distinct services to our clients, he pointed out that Ojoor generates over 100 million dirhams”.
Rehab Lootah, Head of Cards Department announced that more than 50,000 private companies use Mawarid Ojoor Card for payment of their employees’ monthly salaries, through ten exchange companies including Al Ghurair International Exchange, Ridha Al Ansari Exchange, Sharaf Exchange, Mawarid Exchange, Al Fuad Exchange, Ahalia Exchange, Hadi express Exchange, Orient Exchange and Saad Exchange.
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About Mawarid:
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. 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 its place as an industry leader.
© Press Release 2017
