Interview scene featuring Dr. Mahmoud Abdulaal and H.H. Sheikh Faisal discussing Islamic finance - Global Banking & Finance Review — Image shows Dr. Mahmoud Abdulaal and H.H. Sheikh Faisal Bin Saud Al Qassimi discussing the benefits and challenges of Islamic finance in the UAE for Global Banking & Finance Review.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Videos

ISLAMIC FINANCE IN THE UAE

Published by Uma Rajagopal

Posted on December 11, 2014

1 min read

· Last updated: November 1, 2023

Add as preferred source on Google

Banking Wealth Management Digital banking fintech

Global Banking & Finance Review interview the CEO of aafaq Dr. Mahmoud Abdulaal and H.H. Sheikh Faisal Bin Saud Al Qassimi the Managing Director of aafaq to find out more about aafaq and to discuss the advantages and challenges of Islamic finance. aafaq are the 2014 award winners for Fastest Growing Islamic Finance Company UAE 2014, Best Customer Service Provider to Government Sector UAE 2014, and Best Customer Service Provider to Non-Government Sector UAE 2014.

To find out more visit aafaq

Key Takeaways

Aafaq Islamic Finance is a UAE‑based Sharia‑compliant financial institution founded in 2006, headquartered in Dubai.
The interview explores the advantages and challenges of Islamic finance in the UAE through insights from Aafaq’s leadership.
Aafaq received multiple awards in 2014 for fastest growth and customer service in both government and non‑government sectors.
The company emphasizes digital innovation and regulatory compliance, as overseen by its CEO and managing director.
Islamic finance’s benefits such as ethical lending and customer focus are balanced against operational and regulatory challenges.

References

Frequently Asked Questions

What is Aafaq Islamic Finance?

A Sharia‑compliant finance company headquartered in Dubai, UAE, founded in 2006 and regulated by the Central Bank of the UAE.

What awards did Aafaq win in 2014?

They were named Fastest Growing Islamic Finance Company UAE, Best Customer Service Provider to Government Sector UAE, and Best Customer Service Provider to Non‑Government Sector UAE in 2014.

Who are the interviewees?

Dr. Mahmoud Abdulaal (CEO) and H.H. Sheikh Faisal Bin Saud Al Qassimi (Managing Director) of Aafaq.

What are key strengths of Islamic finance discussed?

Its ethical, Sharia‑compliant principles, customer‑centric service, and alignment with UAE’s Islamic economy vision.

What challenges of Islamic finance are addressed?

Operational efficiency, digital transformation, balancing innovation with Sharia and regulatory compliance.

ISLAMIC FINANCE IN THE UAE

Key Takeaways

References

Frequently Asked Questions

Tags

Related Articles

From Resilience to Innovation: Sucor Asset Management’s Vision for the Future

How AI, Cash, and Customer Experience Are Transforming Banking in Europe

Your Bank.Your Rules

Charting the Future of Banking: Insights from Daniel Asiedu of OmniBSIC Bank Ghana

Unlocking Investment Potential Sucor Asset Management’s Vision for the Next Generation of Investors

Navigating APAC’s Dynamic Markets: Allianz Trade’s Strategy for the Future

More from Videos