During the Islamic Business & Finance Awards Ceremony 2014

December 10^th, 2014 – Dubai, UAE

Specialized in Islamic finance solutions and Governmental Electronic services, Aafaq Islamic Finance has won the award for the best finance establishment in 2014, presented by “CPI Financial” during the annual award ceremony for Banks and Finance providers across the world.

“Aafaq” has won this prestigious award after the international voting results were announced for Islamic Business & Finance Awards, in the presence of H.E. Abdul Jaleel Al Blouki, Deputy Chairman of Aafaq, Mahmoud Abdul Aal, CEO of Aafaq, and more than 200 distinguished personality from a variety of financial sectors, and 200 establishments from across the GCC and EMEA to award the Banking sector achievements.

On winning this award, H.E. Abdul Jaleel Al Blouki Deputy Chairman of “Aafaq” expressed his pride and delight for winning this award which highly signifies the fast development and performance of the establishment, noting that 2014 has been full of great achievements for “Aafaq”. “Winning this international award has crowned Aafaq Islamic Finance’s past achievements, especially of this year. We would like to thank our clients of individuals and corporates for their high trust in “Aafaq” which has led to our fast development. We believe this achievement places Aafaq among the leading finance providers in the region.” He said.

The award was a result of research and studies conducted by CPI for Banks across the Middle East, and a result of voting casted by Banking sector and financial services followers.

It is worth mentioning that during 2014 Aafaq has had several achievements in terms of initiatives, investment solutions and innovative payment services. The most significant one being “NASDAQ Dubai Murabaha Platform” service for Islamic Finance, which came as a result of efforts working towards enhancement of Islamic Finance sector position in UAE. Three was also the signing a memorandum of understanding with National Sukuk aiming at increasing the customer base and establishment of the saving culture and the importance of spreading this culture for its positive impact on society and economy in general. In addition to launching the “happy customer” initiative, which Is considered the first of kind in financial services sector, as a part of the establishments continuous efforts to please the public, not to mention winning the ISO 9001:2009 in quality management which takes the customer service level in Aafaq to a new level, and supports their goals towards pleasing clients and exceeding their expectations, in addition to continuous development to the quality management system.

Aafaq’s strategy focuses on exploring the available investment opportunities amid business sectors on a local and regional level, leading to the highest revenue for its shareholders and society in the first place, including the strategic partnership with Ministry of Finance, Ministry of Labour, Economic Development Authority -Dubai, Dubai Commodity Centre, NASDAQ, MINA Corp, Tasheel Centres, Fly Dubai & Air Arabia; spread all across the UAE through Aafaq’s 54 windows, which are available in Tasheel Centres, Governmental Department and Authorities spread all across the UAE.

Aafaq also provides a vast range of finance solution services including corporate finance, retail finance, Second Generation of E-Dirham, Labour Guarantees, Pay Protection System, EDA payment, Fly Dubai & Air Arabia booking & payment.