Aafaq Islamic Finance reveals winners of the sixth monthly draw for “Sweepstakes” product


UAE: Aafaq Islamic Finance, a leading institution in the financial sector that provides Sharia-compliant financial products and services across the UAE and the region, rewarded individual and corporate clients with valuable prizes, including cars, appreciation prizes and revealed winners of the sixth monthly raffle draw.

Rashid Mahboob Al Qubaisi, CEO of Aafaq Islamic Finance congratulated the winners of the sixth draw prizes, saying: “We express our appreciation to the companies and institutions amongst our clients and encourage them to invest in transparent, rewarding and Shariah-compliant products that provides them with earning at competitive profit rates.

The monthly and quarterly draws allow them to earn additional cash helps support their business. Al-Qubaisi pointed out there is an increasing demand from companies for raffles and praised the success of the “Aafaq” team in creating opportunities for small companies to deposit investment deposits in the form of wakala and earning at competitive profit rates.

The Sohobat Gold draws are also in demand. Sohobat Platinum required a minimum Combined Investment of AED 100,000 and extra benefits include Aafaq Platinum Credit Card that offers 0.5% less on profit rates of all Aafaq products and 50% off processing fees on all Aafaq products.

 For the combined Investment amount of AED 1 million and greater, the draw prizes are done quarterly (One AED 10,000 and one 10 Tola Platinum Bar). Extra benefits include free iPhone 12 Pro 128 GB, Aafaq Platinum Credit Card, 0.5% less on profit rates of all Aafaq products and 50% off processing fees on all Aafaq products.

He also emphasized that pioneering products and services help Aafaq customers and the “Withdrawals” product offers “Aafaq” customers the opportunity to save in an investment deposit system that is compatible with Islamic Shariah in the form of a wakala, spreads awareness of financial responsibility among the Emirati community and helps them achieve their financial goals.

Mohammed Al-Dosari, Head of Business at Aafaq Islamic Finance congratulated the winners of the sixth monthly draw reiterating that as long as the investment deposit is active, there will be 10 winners per month, three additional winners every quarter with cash values ​​up to 10 times the invested value, and three additional draws to be held from July 1 to December 31, 2021.

The following are winning companies in the sixth monthly draw for the “Sweepstakes” and “Golden Draws” products:

* Raffle Winners:

1- Ali Naser Electrical Appliances Repair Shop

2- Bin Majid Beach & Resort LLC

3- La Belle Chocolate and Flowers (Branch)

4- Two Clean LLC

5- Eagle Car Showroom

6- Al-Khazna Tailoring and Embroidery of Abayas

7- Decoration Palace for Furniture Trading

8- Al-Wariah Brick Factory

9- Himaline Cleaning Services LLC

10- International unit for clothes

* Winners of the “Golden Raffle”:

1- Rafal Tailoring & Embroidery Workshop LLC

2- Dobco Construction LLC

3- Jamal Al Marri Mobile Phones Trading LLC

4- Baklava Made Better Foodstuff Trading LLC

5- ACIC O Construction LLC

bout 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.