Aafaq Wins ‘Best Finance Company’ Category Of CPI Financial’s 2014 Awards

Aafaq Islamic Finance has been awarded as the ‘Best Finance Company’ category during this year’s edition of CPI Financial’s Islamic Business and Finance awards. The award was given in recognition of the company’s specialization in Islamic finance solutions and government-based electronic services.

Aafaq was proclaimed winner after the international voting results were tabulated and announced to the evening’s attendees of more than 200 distinguished personalities coming from the GCC and EMEA’s leading banking and finance institutions. During the event, the Aafaq delegation was led by H.E. Dr. Abduljaleel Alblouki, Deputy Chairman and H.E. Dr. Mahmoud Abdulaal, CEO.

On winning this award, H.E. Abduljaleel Alblouki, Deputy Chairman, Aafaq, expressed his pride and delight for winning this award, which highly signifies the fast development and performance of the establishment–noting that 2014 has been full of great achievements for Aafaq. “Winning this international award is the crowning glory of Aafaq Islamic Finance’s past achievements, especially for this year. We would like to thank our individual and corporate clients for the high trust and confidence you placed in us, which has led to our constant growth and development. This achievement places Aafaq among the leading finance providers in the region,’ he said.

Achievements:

Smart Government:

As part of the company’s support and commitment towards the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as one of the world’s leading smart cities, Aafaq has recently launched a Smartphone application card and electronic payment system called ‘SADAD’ at GITEX 2014. The new service enables clients to access various services via mobile phone or through the company’s website.

Awards:

Aafaq has also recently received three major awards–‘Best service provider to the government sector,’ ‘Best service provider for the non-government sector’ and the (Name of the award) award in recognition of the company’s significant contribution towards the promotion of Islamic finance practices in the UAE. The value of these awards reflect the extent of innovation and achievement, strategies and inspiring changes that are currently taking place within the global financial community. The company was also cited by International Finance Magazine.

Customers’ prospects:

Aafaq’s strategy focuses on exploring the available investment opportunities and business sectors on a local and regional level, leading to the highest revenue for its shareholders and society in the first place. Spread all across the UAE, Aafaq’s 54 windows are available in Tas’heel Centres, Government Departments and Authorities–providing a vast range of finance solution services to more than 550,000 customers.

Future Plans:

Aafaq has announced plans to expand its presence in the region, accompanied by the launch of new products, solutions and services that will allow them to reach out to a wider customer base. One of the initiatives that they have recently launched is its customer loyalty program, which is considered to be one of the best customer-centric programs. The release of the new ‘SADDAD’ card also proves to be very timely as it further reinforces the company’s move to position itself as one of the leading Islamic financial institutions.

Originally published on www.zawya.com