UAE, December 16, 2014 – Aafaq Islamic Finance has been awarded as the ‘Best Finance Company’ category during this year’s edition of CPI Financial’s Islamic Business and Finance awards, which was held last (Date) at the (Venue). The award was given in recognition of the company’s specialization in Islamic finance solutions and government-based electronic services.
Aafaq was proclaimed winner after the international voting results were tabulated and announced to the evening’s attendees of more than 200 distinguished personalities coming from the GCC and EMEA’s leading banking and finance institutions. During the event, the Aafaq delegation was led by H.E. Dr. Abduljaleel Alblouki, Deputy Chairman and H.E. Dr. Mahmoud Abdulaal, CEO.
On winning this award, H.E. Abduljaleel Alblouki, Deputy Chairman, 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 is the crowning glory of Aafaq Islamic Finance's past achievements, especially for this year. We would like to thank our individual and corporate clients for the high trust and confidence you placed in us, which has led to our constant growth and development. This achievement places Aafaq among the leading finance providers in the region,’ he said.
The award was a result of the research studies conducted by CPI Financial for banks across the Middle East and votings casted by banking sector and financial services followers.
Achievements:
In 2014, Aafaq garnered several achievements in terms of initiatives, investment solutions and innovative payment services. The most significant one was its ‘NASDAQ Dubai Murabaha Platform’ service for Islamic Finance, which came as a result of efforts working towards enhancing its Islamic Finance sector position in UAE. Another achievement was the signing of a Memorandum of Understanding with National Bonds, which aims 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, the company also launched its ‘Happy Customer’ initiative, a first-of-kind offering in the financial services sector and part of the continuing move to please the public. Lastly, Aafaq also received the ISO 9001:2009 standard in quality management, which takes customer service in Aafaq to a new level while also supporting their goals towards client satisfaction and continuous development to its quality management system.
Smart Government:
As part of the company’s support and commitment towards the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as one of the world’s leading smart cities, Aafaq has recently launched a Smartphone application card and electronic payment system called ‘SADAD’ at GITEX 2014. The new service enables clients to access various services via mobile phone or through the company's website.
Awards:
Aafaq has also recently received three major awards—‘Best service provider to the government sector,’ ‘Best service provider for the non-government sector’ and the (Name of the award) award in recognition of the company's significant contribution towards the promotion of Islamic finance practices in the UAE. The value of these awards reflect the extent of innovation and achievement, strategies and inspiring changes that are currently taking place within the global financial community. The company was also cited by International Finance Magazine.
Customers’ prospects:
Aafaq's strategy focuses on exploring the available investment opportunities and business sectors on a local and regional level, leading to the highest revenue for its shareholders and society in the first place. Spread all across the UAE, Aafaq's 54 windows are available in Tas’heel Centres, Government Departments and Authorities--providing a vast range of finance solution services to more than 550,000 customers.
Future Plans:
Aafaq has announced plans to expand its presence in the region, accompanied by the launch of new products, solutions and services that will allow them to reach out to a wider customer base. One of the initiatives that they have recently launched is its customer loyalty program, which is considered to be one of the best customer-centric programs. The release of the new ‘SADDAD’ card also proves to be very timely as it further reinforces the company’s move to position itself as one of the leading Islamic financial institutions.
About Aafaq - Islamic Finance
Backed by an eminent and respected group of shareholders, Aafaq - Islamic Finance was established in 2006 to provide innovative Islamic financial services and products that comply with Islamic Sharia across the UAE and the Region.The company's strategic focus is set towards exploring and discovering available opportunities within various business sectors in order to achieve the highest return for its shareholders. Aafaq holds strategic partnerships with the Ministry of Finance and the Ministry of Labor, Department of Economic Development - Dubai, DMCC, NASDAQ Dubai , Menacorp, Tas'heel Centers, flydubai and Airarabia.
The company, which works closely with some of the world’s leading financial institutions, offers a variety of high-quality financial services like Corporation Finance, Retail Finance, e-Dirham, Labor Guarantees, Wages protection system, Payment for the DED, flydubai reservation payment, Airarabia reservation payment. Aafaq outlets exist in 54 "Tas'heel Centers and government departments across UAE.
For More information please visit website: www.aafaq.ae
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