{"id":55993,"date":"2023-06-06T17:03:31","date_gmt":"2023-06-06T13:03:31","guid":{"rendered":"https:\/\/blog.dubaicityguide.com\/site\/?p=55993"},"modified":"2023-06-06T17:03:31","modified_gmt":"2023-06-06T13:03:31","slug":"mastercard-becomes-aafaq-islamic-finances-exclusive-partner-for-credit-prepaid-and-commercial-sme-products","status":"publish","type":"post","link":"https:\/\/blog.dubaicityguide.com\/site\/mastercard-becomes-aafaq-islamic-finances-exclusive-partner-for-credit-prepaid-and-commercial-sme-products\/","title":{"rendered":"Mastercard Becomes Aafaq Islamic Finance’s Exclusive Partner For Credit, Prepaid And Commercial SME Products"},"content":{"rendered":"

Aafaq Islamic Finance (Aafaq), an award-winning UAE-based company that provides innovative Islamic financial products and services, has chosen Mastercard as the exclusive strategic partner for its credit, prepaid and commercial SME offerings. The agreement was formalized at a signing ceremony attended by senior executives from both entities.<\/p>\n

As part of the collaboration, Mastercard will leverage its advanced technologies to strengthen Aafaq\u2019sdigital capabilities and unlock new opportunities for its individual and SME customers as it supports Aafaq\u2019svision to be the UAE\u2019s favorite destination for digital Islamic financing.<\/p>\n

\u201cIn collaboration with our extensive partner network, Mastercard is developing locally relevant solutions that contribute to building robust and inclusive payment ecosystems.Our collaboration with Aafaqwill see the introduction of a full suite of innovative products for people and businesses in the UAE that match their requirements and lifestyles,\u201d said Olivia Bellingham, Senior Vice President and Mastercard Direct Services Lead, EEMEA, <\/strong>Mastercard<\/strong>.<\/strong><\/p>\n

\u201cAt Aafaq, we focus on delivering seamless and efficient customer experiences in the Islamic finance space. We are confident that our partnership with Mastercard will support our growth and innovation strategy and enable us to expand our digital proposition to cater to the evolving needs of our customers,\u201d said Hisham Hammoud,Group CEO of Aafaq Islamic Finance.<\/strong><\/p>\n

\u201cFor more than 35 years, Mastercard has been supporting the UAE in its digital transformation journey. We are delighted to join forces with Aafaqas we empower people and businesses through the latest payment innovations as part of our efforts to create an inclusive and sustainable digital economy,\u201d said Gina Petersen-Skyrme, Vice President and Country Business Development Lead, UAE & Oman, Mastercard<\/strong>.<\/p>\n

Established in 2006, Aafaqspecializes in offering government-related financial services and Sharia-compliant solutions in the UAE and the wider region. The full autonomy it enjoys gives it a unique standing among finance companies in the country.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Aafaq Islamic Finance (Aafaq), an award-winning UAE-based company that provides innovative Islamic financial products and services, has chosen Mastercard as the exclusive strategic partner for its credit, prepaid and commercial SME offerings. The agreement was formalized at a signing ceremony attended by senior executives from both entities. As part of the collaboration, Mastercard will leverage […]<\/p>\n","protected":false},"author":1,"featured_media":55995,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-55993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/55993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/comments?post=55993"}],"version-history":[{"count":1,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/55993\/revisions"}],"predecessor-version":[{"id":55996,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/posts\/55993\/revisions\/55996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media\/55995"}],"wp:attachment":[{"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/media?parent=55993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/categories?post=55993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.dubaicityguide.com\/site\/wp-json\/wp\/v2\/tags?post=55993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}