Aafaq Islamic Finance & AFS unite to support UAE fintech startups

  • Date: 06-Mar-2022
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Aafaq Islamic Finance & AFS unite to support UAE fintech startups

Aafaq Islamic Finance (AIF), a Dubai-based Islamic financial products and services provider, and Arab Financial Services (AFS), the leading digital payment solutions provider and fintech enabler in the Middle East and Africa (MEA), have entered a strategic partnership to support aspiring fintech startups to launch their products and services in the UAE.

The partnership is integral to AFS’s Regional Partner Program, an initiative committed to offering a platform for new and existing fintechs to launch, expand and scale their products across the region.

This forms part of AFS’s ongoing regional drive as a leading payments processor and trusted advisor for market expansion to support the payments landscape and provide opportunities to fintechs to grow exponentially through new and innovative business models.

AIF offers a wide range of financing and investment programs that are compatible with Islamic Sharia, in addition to providing various financial services and products that are based on the highest levels of quality and efficiency, through its branches located in different parts of the country.

Rashid Mahboob Al Qubaisi

CEO – AIF “Our partnership with AFS aligns with our commitment to support the UAE’s growing fintech ecosystem, and enhance the inclusive digital business environment. We aim to reach a new segment of customers,