Mawarid Finance with Dhs1bn paid up capital launches in the UAE
- United Arab Emirates: Thursday, September 06 - 2007 at 16:49
- PRESS RELEASE
Mawarid Finance, a new private joint stock Islamic finance company with a paid-up capital of one billion dirhams, was officially launched in Dubai on 5th September 2007 at a ceremony at the Emirates Towers hotel in Dubai attended by a large number of business and social figures.
He told guests: "Mawarid draws its strength from a solid vision for the future articulated by a team of leading industry professionals who have been carefully selected on the basis of their diverse expertise in different aspects of Islamic finance and customer services."
The company's plans include an expansion of the range of product services and branch network in the UAE as well as exploring opportunities regionally whenever it sees growth opportunities in external markets and after building strong foundations in the UAE.
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