Mawarid Finance to encourage local talent at Careers UAE 2008

Mawarid Finance will be a key player in the UAE employment market, when it participates in the Careers UAE 2008 Exhibition from April 15 to April 17 at the Dubai World Trade Centre.

  • United Arab Emirates: Sunday, April 13 - 2008 at 13:37
  • PRESS RELEASE


Mawarid Finance will be a key player in the UAE employment market, when it participates in the Careers UAE 2008 Exhibition from April 15 to April 17 at the Dubai World Trade Centre.
Mawarid Finance will be a key player in the UAE employment market, when it participates in the Careers UAE 2008 Exhibition from April 15 to April 17 at the Dubai World Trade Centre.

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Following on from Mawarid's participation in the National Career Exhibition in Sharjah in March 2008, Mawarid will be looking for the most talented national graduates to join its rapidly expanding company. Mawarid will also seek applicants for its Tamaiaz Award, which recognises talented national students who have recently graduated or are at the senior level.

The Tamaiaz Award, which was launched in November 2007, is one of the most lucrative in the UAE, with an annual budget of Dhs1m. Entries for this year's awards close on 30 April and the prize pool will be divided amongst 35 winners - five from each of the seven categories of: media and mass communications, banking and finance, accounting and auditing, Sharia'a and law, information technology, marketing and sales, and leadership

The careers exhibition was launched in 2000 and this will be Mawarid's first year of participation. Mawarid will participate in the Financial Services category.

'Mawarid will be offering its expertise at Careers UAE 2008, which we see as an important platform for the growth of Emiratisation in the UAE. We are proud to be involved and to help showcase the local talent. It also provides valuable personal interaction with students, who we see as Dubai's future leaders and decision-makers,'



Fatma Bin Fahd, Vice President, Human Resources and Administration Affairs at Mawarid Finance said.

The company, which was established in 2006, has risen to prominence for its Emiratisation strategies which are in line with the mandate of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in the 'Dubai Strategic Plan (2015)'

The strategic plan identifies seven core development areas for social development and these include increasing the participation of nationals in the workforce and ensuring all nationals have access to quality education opportunities.

Mawarid's Emiratisation policies extend all the way to the boardroom - at least 30 per cent of its staff are UAE nationals and more than 70% of executive positions are held by nationals.

Mawarid Finance is the only finance company in the UAE that is completely independent. Through its structure as an integrated financial institution that specialises in providing all services related to finance and business, it offers many opportunities for banking and finance students.

The three-day exhibition is exclusively for UAE national students and is the leading recruitment, training and education exhibition in the region. Last year, there were 17,000 visitors and this year is expected to draw even more visitors, due to a 40% growth in exhibition area to 14,000 sq metres.




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Notes and media contacts

Mawarid Finance

Mawarid Finance is a new private joint stock company established in Dubai, UAE, towards the end of 2006 with a paid-up capital of one billion dirhams. The company plans to introduce a new vision within the Islamic finance sector to both retail and corporate customers in the region.

Mawarid Finance is the only finance company in the UAE that is completely independent. The company's shares are distributed across 352 shareholders, with companies or organisations owning not more than 5% each of the capital and no individual shareholder's stake exceeding 2.5%, giving the company the operational freedom to secure a leading position in the Islamic banking market in the UAE.

Mawarid Finance specialises in the competitive development of Sharia'a compliant financial services, focusing on rapid growth through outstanding customer service.

Mawarid Finance is structured as an integrated financial institution that specialises in providing all services related to finance and business, responsive to the rapid growth taking place in Dubai and modelled on the spectacular development of Dubai and the UAE as a whole.
Mawarid draws its strength from a solid vision for the future articulated by a team of leading industry professionals, a close-knit network of strategic partners and business associates, and the financial backing and support of well-established shareholders.

Mawarid's mission is to create superior and exceptionally innovative Sharia'a- compliant products and services, sustaining high-quality performance and maximising market share to become the first choice provider of Islamic financial solutions in a modern business environment.

For more information, please contact:

Maysoon Baraky
Milestones Marketing Communications
Dubai Media City - UAE
Tel: +971-4- 3658491
Fax: +971-4-3678097
Anne-Birte Stensgaard Posted by Anne-Birte Stensgaard, Senior News Editor
Sunday, April 13 - 2008 at 13:37 UAE local time (GMT+4)

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