Founded 2006 Total equity 990 million AED | Headquarters Dubai Total assets 1.18 billion AED | |
Industry Shari'a Compliant Financial Services Key people Omran Sultan Abdullah Al Owais, Chairman
Abdul Ghaffar Al Sayed Mohammed Al Hashimi, Deputy Chairman
Mohamed Ali Musabbeh Al Neaimi, CEO Services Floos- Services for SMEs
Floosi- Individual Cash Facility
Working Capital
Damanat- Labor Guarantees
Letters of Guarantee
Goods Finance
e-Murabaha
Wakala Investments
Share Finance
Trust Account
Invoice Finance
Commercial Office Finance
Business Account
Sayyarat Mawarid- Auto Finance
Aqarat Mawarid- Home Finance Subsidiaries IFS
Al Jazeera Financial Services
Takaful House
MFI Investments
Tamaiaz Type of business Private Joint-Stock Company (PJSC) |
About mawarid finance corporate video
Mawarid Finance is a private joint stock company in Dubai, UAE providing Shari'a-compliant financial services. It was founded in 2006 with a paid-up capital of AED 1 billion. All of its products are based on Islamic financial principles such as Ijarah, Istisnaa, Murabaha, Mudharaba, Musharaka, Kafalah and Wakala and its practices are governed by a full Sharia board.
Contents
- About mawarid finance corporate video
- Al mawarid finance
- Company innovation
- Significant achievements
- 2007
- 2008
- 2009
- 2010
- 2011
- Social responsibility
- References
It is the only finance company in the UAE that is completely independent. In an effort to give itself operational freedom, its shares are distributed across more than 350 shareholders, with companies or organisations owning not more than 5% each of the capital and no individual shareholder's stake exceeding 2.5%
The company markets itself with the tagline Falak Tayyeb (in Arabic) which in English roughly translates as 'Consider it done'. This symbolizes its commitment to fast and personalized service.
Mawarid's primary goal has been to support and participate in the development of the UAE economy by:
Al mawarid finance
Company innovation
Significant achievements
Mawarid Finance has had the following achievements, earning the brand recognition:
2007
Research conducted by Mawarid during the Auto Show showed that a "BMW is the dream car in the UAE while Emiratis' fantasy is a Bentley".