UAE, December 16, 2014 – 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, which was held last (Date) at the (Venue). 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.
The
award was a result of the research studies conducted by CPI Financial
for banks across the Middle East and votings casted by banking sector
and financial services followers.
Achievements:
In
2014, Aafaq garnered several achievements in terms of initiatives,
investment solutions and innovative payment services. The most
significant one was its ‘NASDAQ Dubai Murabaha Platform’ service for
Islamic Finance, which came as a result of efforts working towards
enhancing its Islamic Finance sector position in UAE. Another
achievement was the signing of a Memorandum of Understanding with
National Bonds, which aims at increasing the customer base and
establishment of the saving culture and the importance of spreading this
culture for its positive impact on society and economy in general. In
addition, the company also launched its ‘Happy Customer’ initiative, a
first-of-kind offering in the financial services sector and part of the
continuing move to please the public. Lastly, Aafaq also received the
ISO 9001:2009 standard in quality management, which takes customer
service in Aafaq to a new level while also supporting their goals
towards client satisfaction and continuous development to its quality
management system.
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. 