Economy Country January 22, 2025

Mawarid Financing Company Obtains a License from the UAE Central Bank

Mawarid Financing Company, specializing in Sharia-compliant financial services, has obtained an official license from the UAE Central Bank to enhance its activities in the market.


Mawarid Financing Company Obtains a License from the UAE Central Bank

The company "Mawarid Finance" announced a successful agreement with Emirates Development Bank (EDB) for a total of 100 million dollars. Both parties agreed on the provision of financial resources to support small and medium enterprises in the UAE.

"This deal will contribute to the financial infrastructure of the UAE and ensure financial sustainability for small businesses," emphasized a representative of "Mawarid Finance."

The investments will be directed towards business development, stimulating economic growth, and creating new job opportunities. Such cooperation helps strengthen the UAE's financial system and contributes to the growth of small and medium businesses in the country.

"This deal represents an important step in strengthening our partnership with EDB and our contribution to the economic development of the country," noted a representative of "Mawarid Finance."