Aafaq Islamic Finance honours corporate clients again


Fifth monthly draw winners for the “Sahobat” product announced

UAE: Aafaq Islamic Finance, a leading institution in the financial sector that provides Shariah-compliant financial products and services across the UAE and the region announces the names of the winning companies of the fifth monthly draw of Sahobat, the special product that offers the company’s customers the opportunity to save in an investment deposit system that is compatible with Islamic Sharia, helps them achieve their financial goals, as well as provides companies with many opportunities to win valuable cash prizes.

Rashid Mahboob Al Qubaisi, CEO of Aafaq Islamic Finance said: “The unique “Sahobat” product in the world of Islamic finance companies, which we launched in late July urges companies and institutions to invest. It gives them opportunities to profit by entering into draws for rewarding prizes, hold investment deposits in the form of a ‘wakala’ valuable profits, in addition to opportunities to earn additional cash to support their business in multiple ways.”

Muhammad Al-Dosari, Head of Business at Aafaq Islamic Finance, congratulated all the winners reiterating that once companies invest in the “Sahobat” product, they automatically qualify for monthly and quarterly draws, as long as the investment deposit remains Active. 

There will be 10 winners per month in raffle prizes, and 3 additional winners every three months with cash values ​​up to 10 times the invested value. The following is a list of the winning companies in the fifth monthly draw for the “Sahobat” and “Sahobat Gold” products:

* Sahobat Winners:

1- Jithin Building Contracting LLC.

2- Rafal Tailoring and Embroidery Workshop LLC.

3- Al Shahama Building Maintenance

4- Waves and Cables LLC.

5- Ibrahim Shakib Tailoring and Embroidery

6- Sehr Al Nojoom Alum Scrap & Used Batteries Trading

7- Al-Ghail for metal engineering and turning

8- Al Ishara Barrels Trading LLC

9- Royal Green Vegetables and Fruits Trading LLC.

10- Ahsan Malik buses and car rentals and passenger transports by buses LLC.

* Winners of the “Sahobat Gold”:

1- Excellence Recruitment

2- Satnam Singh Transport LLC.

3- Bayanat Airports Engineering and Supplies LLC. 

4- Bayanat Airports Engineering and Supplies LLC. 

5- Jamal Al Marri Mobile Phone Trading LLC.

About Aafaq Islamic Finance:

Aafaq Islamic Finance PJSC was established in 2006 and provides a wide range of high-quality Sharia-compliant banking products and services to corporate and retail clients. It stands out to be one of the most independent financing companies in the UAE. Moreover, the company’s strategy focuses on exploring opportunities within different business sectors to achieve the highest levels of happiness for all stakeholders including shareholders, customers, employees, strategic partners and the community.

Aafaq depends on the strength of its strategic partnership with leading institutions in the UAE, such as the Ministry of Finance, Ministry of Human Resources and Emiratization, Dubai Economy, Emaratech, Trakhees, First Abu Dhabi Bank, and many Tas-heel, Amer and Business centers and others. aafaq provides the customers of these entities with services like E-dirham, Labour Guarantees, Wages Protection System, payment services for Dubai Economy and topping up of Noqodi wallets. In addition, aafaq offers a wide range of financing solutions and smart payment tools for companies and individuals.