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Aafaq, Menacorp sign partnership agreement

Aafaq – Islamic Finance Company and Menacorp have signed a partnership agreement in order to provide investors on the DFM, ADX and Nasdaq Dubai Islamic financing solutions with respect to their trading needs on the UAE markets, Khaleej Times reported. The agreement was signed between Shaikh Faisal bin Saud Al Qasimi, managing director of aafaq – Islamic Finance Company, and Fathi Ben Grira, chief executive of Menacorp. In line with strategic growth plans of both companies, the alliance will provide the customers with diversified services by offering them an opportunity to enter the UAE’s finance and trading market. “Aafaq is delighted to sign this partnership with Menacorp, as evident by the stable economic growth of the UAE, which can be accredited to the wise vision in leadership in addition to the existence of diverse and unique investment opportunities, especially in the financial market and in what these markets have recently envisioned to get upgraded to emerging markets,” said Sheikh Al Qasimi.