Aafaq Islamic Finance launches exclusive offers for “Sahobat” product customers

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Announces the winners of the first monthly draw for 2021 for the Sharia-compliant “Sahobat” product.

Dubai, United Arab Emirates: Aafaq Islamic Finance, the leading Islamic Finance Company, offering financial products and services in compliant with Sharia law throughout the UAE and the region, has announced the names of the companies to win the first monthly draw of the year under the ‘Sahobat’ campaign that was held in February. Sahobat is a product by Aafaq Islamic Finance that provides its retail customers with an opportunity to save through investments that comply with the Sharia law while giving them a chance to win exciting cash prizes in addition to attractive profit on deposit. 

Mr. Rashid Mahboob Al Qubaisi, CEO of Aafaq Islamic Finance, said: Sahobat is an investment deposit product compliant with Sharia law designed to create awareness among the Emirati community regarding their financial responsibility. It is also aimed at helping our customers achieve their financial goals through savings as per the “investment deposit” scheme in line with Sharia law.  

He further added: “The demand for the Sahobat product that was launched in July 2020 has exceeded our expectations and has achieved a wholehearted acceptance, indicating that the companies are aspiring to save and gain additional cash that comes as a great relief, especially during the post-corona-pandemic recovery phase. This is because the product helps companies achieve for their investment deposits and allows them the opportunity to enter a draw to win rewarding cash prizes.”

Adding to the comments, Mr. Muhammad Al-Dossary, Business Director, Aafaq Islamic Finance, said: “Companies could start a deposit scheme with the Sahobat product starting from just AED 500. And they will be eligible for both monthly and quarterly prizes, which means that the companies will receive one raffle ticket to participate in the monthly and quarterly draw for every AED 500 in their deposit, as long as the investment deposit scheme is active.”

Mr. Muhammad Al-Dossary added that there would be 10 monthly winners in “Sahobat” draws and 3 additional winners every quarter with cash prizes ​​up to 10 times the value invested. As for the “Sahobat Gold” draws, there will be 5 winners every month and 3 additional winners every three months.

The “Sahobat” product designed by aafaq Islamic Finance provides small enterprises with an opportunity to save through the investment deposit scheme and earn competitive profit rates, in addition to the opportunities of participating in the monthly and quarterly draws of cash prizes.

The following is a list of the names of the winning companies in the monthly draw for the “Sahobat” product and the “Sahobat Gold” product:

Winners of the “Sahobat “:

  1. ULTIMATE SUPER SERVICES
  2. REHLAT AL NOOR TAILORING AND EMB
  3. PAK PRINCE CARGO TRANSPORT BY TRUCKS (L.L.C)
  4. FITRITE GENERAL TRADING LLC
  5. IRFAN KHAN AUTO MAINT WORKSHOP
  6. RASHID AL SHAMSI SCRAP TR LLC
  7. BAB AL KHAIR TEXTILE TRADING L.L.C
  8. TAREEF HAIRDRESSING SALON
  9. WAHAT AL BARARY PAINTS CONT.
  10. ALMUMAYAZ FIRST COMMERCIAL BROKER L.L.C

Winners of the “Sahobat Gold”:

  1. 6 PENCE ON DEMAND LABOURS SUPPLY LLC
  2. 6 PENCE ON DEMAND LABOURS SUPPLY LLC
  3. BAYANAT AIRPORTS ENGINEERING &SUPPLIES CO. L L C
  4. BAYANAT AIRPORTS ENGINEERING &SUPPLIES CO. L L C
  5. BAYANAT AIRPORTS ENGINEERING &SUPPLIES CO. L L C

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.