A successful contribution by “Aafaq” in Ras Al Khaimah Happin…



Ras Al Khaimah; United Arab Emirates: “Aafaq Islamic Finance” today completed its successful contribution to the activities of the fourth edition of the Ras Al Khaimah Happiness Festival 2022 hosted by HH Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, was launched, accompanied by Sheikh Saud bin Saqr Al Qasimi. The festival was hosted by the Ras Al Khaimah Exhibition Center – one of the institutions of the Ras Al Khaimah Commerce Department – ​​on February 11-15, 2022 on the Al Marjan Island Corniche in the emirate.

Throughout the festival, the “Aafaq” booth attracted visitors with offers on credit cards (cashback up to 2%), personal financial services (financing rates from 5% and loan amount up to 1 million dirhams), car financing (car financing). Interest rates from 1.75%), real estate financing and financing for medium-sized companies. In addition to offers for travel tickets, hotel reservations, free Internet cards and installment moratorium with the opportunity to participate in withdrawals for the product “Sohoubat” (deposit a minimum sum of 500 dirhams in Sohoubat and get a chance to win cash prizes). In addition, Aafaq offers other services unique to “Aafaq”, including financing options at low prices and competitive terms, along with other products that comply with Islamic law, making Aafaq’s booth presence in this edition exceptional made.

Rashid Mahboob Al Qubaisi – CEO of Aafaq Islamic Finance – thanked the Ras Al Khaimah Exhibition Center for the successful and outstanding organization that excelled in all organizational and technical aspects lucky festival 2022. He added: “We are proud to participate in a festival that aims to promote the concept of happiness through social initiatives of a cultural and recreational nature, reflecting the instructions of the wise leadership, citizens and residents all causes of happiness to offer “.

Mohammed Al-Dosari – Head of Business at Aafaq Islamic Finance – thanked the Ras Al Khaimah Exhibition Center for hosting this successful national festival, adding: “Aafaq continues its strategy of providing innovative financing offerings and products.”

This year’s festival activities will include fun games, activities and promotional offers, as well as the participation of 10 different performance groups from Saudi Arabia, India and the Philippines, as well as folk shows from the Emirates. Not to mention the fireworks for which the Emirate of Ras Al Khaimah is famous and which topped the Guinness Book of World Records for the longest chain of fireworks in three consecutive years.

It is also noteworthy that “Aafaq Islamic Finance” is a private joint-stock company established in 2006 as a finance company operating under the provisions of Islamic Sharia; Headquartered in the Emirate of Dubai, it offers a wide range of financing and investment programs compatible with Islamic Sharia; Besides providing various financial services and products based on the highest level of quality and efficiency through its branches located in different parts of the country.

About Aafaq Islamic Finance:

Established in 2006, Aafaq Islamic Finance PJSC offers a wide range of high-quality, Sharia-compliant banking products and services to businesses and individuals. It is unique as one of the finance companies that is fully independent in UAE. In addition, the Aafaq Islamic Finance strategy focuses on exploring opportunities in various business areas and works to achieve the highest level of satisfaction for its customers, including shareholders, consumers, employees, strategic partners and community members.

“Aafaq Islamic Finance” relies on the strength of its strategic partnerships with the leading authorities and institutions in the United Arab Emirates, including the Ministry of Finance, the Ministry of Human Resources and Emiratization, Dubai Economy, Emaratek, Trakhees, First Abu Dhabi Bank, alongside ” Tasheel’ and ‘Amer’ and many other business centers and individuals. “Aafaq” provides various services to the clients of these bodies and institutions, such as: E-Dirham, Labor Guarantees, Wage Protection Scheme, Dubai Economy payment services, Noqodi balance mobilization and others, in addition to a wide range of financing solutions and smart payment solutions for businesses and individuals.


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