A successful contribution of “Aafaq” in Ras Al Khaimah Happiness Festival

Ras Al Khaimah; United Arab Emirates – February 15^th 2022: “Aafaq Islamic Finance” concluded today its successful contribution in the activities of the fourth edition of Ras Al Khaimah Happiness Festival 2022, which was launched by H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, accompanied by Sheikh Saud bin Saqr Al Qasimi. The festival was held by Ras Al Khaimah Exhibition Centre – one of the institutions of Ras Al Khaimah Commerce Department, from 11^th to 15^th February 2022 at Al Marjan Island Corniche in the Emirate.

Throughout the festival, the “Aafaq” stand attracted visitors with offers on credit cards (cashback up to 2%), personal finance services (finance rates as low as 5% and loan amount up to 1 million dirhams), car finance (auto finance rates starting from 1.75%), real estate finance and SME finance. In addition to offers on travel tickets, hotel reservations, free internet cards and instalments moratorium, with chances to participate in withdrawals on the “Sohoubat” product (deposit a minimum sum of 500 dirhams in Sohoubat and get a chance to win cash prizes). Moreover, Aafaq offers other services that are unique to “Aafaq”, including financing options at low rates and in competitive terms, along with other products that comply with Islamic law, which made the attendance at the “Aafaq” stand in this edition exceptional.

Rashid Mahboob Al Qubaisi – CEO of Aafaq Islamic Finance – thanked Ras Al Khaimah Exhibition Centre for the successful and distinguished organization that excelled in all organizational and technical aspects of the Happiness Festival 2022. He added: “We are proud to participate in a festival that aims to promote the concept of happiness through social initiatives of a cultural and recreational nature, which reflect the directions of the wise leadership to provide all causes of happiness for citizens and residents”.

Mohammed Al-Dosari – Head of Business at Aafaq Islamic Finance – thanked the Ras Al Khaimah Exhibition Centre for holding this successful national festival, and added: “Aafaq is going ahead with its strategy to provide innovative financing offers and products”.

This year festival activities include entertaining games, activities and promotional offers, in addition to the participation of 10 different performance groups from Saudi Arabia, India and the Philippines, as well as Emirati folk shows. Without forgetting to mention the launch of fireworks, for which the Emirate of Ras Al Khaimah is famous, and topped the Guinness Book of Records for the longest fireworks chain for three consecutive years.

It is also noteworthy that “Aafaq Islamic Finance” is a private joint stock company established in 2006 as a financing company operating in accordance with the provisions of Islamic Sharia ; Headquartered in the Emirate of Dubai, it 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.

To learn more about Aafaq Islamic Finance, please visit the website: http://www.Aafaq.ae