H.H. Sheikh Nahayan inaugurates Al Wifaq Finance Company's head office in the UAE

The Al Wifaq head office was officially inaugurated by H.H. Sheikh Nahayan Bin Mabarak Al Nahayan, Minister of Higher Education and Scientific Research, UNB Group Chairmain & Al Wifaq Finance Company Chairman.

Situated on Airport Road in Abu Dhabi, Al Wifaq will provide Islamic financial services to customers and will offer a full range of Sharia'a compliant financial services, spanning retail, corporate and investment banking to suit customer needs. As a full service destination, Al Wifaq will cater to customers' needs by providing services such as opening of accounts, banking and cash management requirements, Internet banking, credit cards. The branch will remain open from Saturday -Thursday from 8 am to 2 pm.

"The opening of Al Wifaq is in line with a strategic plan to expand and provide efficient and dedicated services to customers, offering them a wide range of Sharia compliant financial tools in order to meet the increasing demand of current clients and attract new customers who are seeking banking solutions compliant with Islamic principles. Islamic banking and financing is one of the fastest growing niches within the banking industry and the size of the Islamic assets is increasing exponentially in the last few years,"

said Mr. Mohammad Nasr Abdeen, Managing Director, Al Wifaq Finance Company.

"At Al Wifaq, we believe that we should appeal to all segments of the community. Our aim is to provide banking services to the community at large by adhering strictly to Sharia'a principles. We hope that Al Wifaq significantly contributes to the growth of the Islamic financial industry in the UAE by attracting a large customer base," commented Mr. Hani Badrawi, General Manager of Al Wifaq Finance Company.

By installing state of the art technology systems, Al Wifaq aims to service its clients in a more efficient and convenient way nationwide. Al Wifaq Finance Company is an independent company with a total capital of AED 500 million, and is led by a specialized management team reporting directly to a FATWA and Sharia'a Supervisory Board. The Board will carry out both supervisory and consultative functions and will review Al Wifaq products regularly to ensure that they are 100% Sharia'a compliant.