Latest news with #RashidAlQubaisi
Daily Tribune
2 days ago
- Business
- Daily Tribune
Bahrain firm powers UAE launch
TDT| Manama Bahrain's fintech leadership is driving digital change in the UAE, with Bahrain-based Arab Financial Services (AFS) powering the launch of a fully app-based credit card solution in collaboration with Mawarid Finance. The new platform lets customers apply, receive, and manage credit cards instantly, without visiting a branch or signing a single form. Bahrain-built, region-ready The end-to-end solution, developed and enabled by AFS, marks a major milestone in the GCC's shift toward mobile-first financial services. Regulated by the Central Bank of Bahrain, AFS is playing a growing regional role in delivering seamless digital finance tools across borders. The app allows users to complete the full credit card journey - from application to approval to daily account management - directly from their smartphones. It eliminates the need for physical paperwork or in-person appointments and offers real-time access to spending data and account controls. Shariah-compliant and secure Mawarid Finance, the UAEbased Islamic finance group, partnered with AFS to design the solution to be both fully Shariah-compliant and aligned with modern security standards. Executives from both companies signed the agreement at a recent ceremony, underscoring their shared commitment to digital innovation. 'This platform reflects our commitment to making secure, efficient, and simple financial access a reality for our customers,' said Rashid Al Qubaisi, CEO of Mawarid Finance. AFS CEO Samer Soliman noted: 'Our partnership with Mawarid proves the strength of Bahrain's fintech sector in enabling advanced digital services across the region. It's a model of how traditional institutions and fintech can work together to deliver scalable, intuitive solutions.' Founded in Bahrain in 1984, AFS has become the region's leading digital payment solutions provider, with operations in Bahrain, Egypt, Oman, and the UAE. The launch with Mawarid adds to a growing list of projects where Bahrain-grown fintech tools are transforming user experience far beyond its borders.
Gulf Today
22-05-2025
- Business
- Gulf Today
O Gold and Mawarid Finance announce strategic partnership to launch the region's first shariah-compliant gold-backed prepaid card
In a landmark move for ethical finance and fintech advancement, O Gold, the UAE's leading digital gold investment platform, has partnered with Mawarid Finance, a premier UAE-based Shariah-compliant financial institution established in 2006, to jointly develop and launch the region's first Shariah-compliant prepaid card backed by physical gold. Founded to democratize access to precious metals, O Gold offers users a seamless platform to buy, sell, lease, and redeem physical gold and silver—whether for investment or everyday use. With features like physical redemption and gold-backed savings tools, O Gold is redefining how individuals engage with real assets in a digital-first era. Backed by partnerships with globally recognized entities such as SAM Precious Metals and AKW Consultants, O Gold brings physical and digital gold to users' fingertips. Mawarid Finance, a premier UAE-based Shariah-compliant financial institution established in 2006, offers a comprehensive suite of ethical banking and finance solutions. With a mission to support ethical growth through innovative financial services, Mawarid serves individuals, SMEs, and corporate clients—championing transparency, social responsibility, and integrity in all its operations. This strategic collaboration aims to reshape how individuals interact with gold—transitioning it from a traditional store of value into a dynamic, ethical financial tool. Built on shared values of trust, transparency, and compliance with Islamic finance principles, the initiative reflects a growing demand for real asset-backed solutions in the digital age. 'Our objective is to offer customers ethical financial products that combine the timeless value of gold with practical modern use,' said Bandar Alothman, Founder of O Gold. 'This partnership with Mawarid Finance is a significant milestone in our mission to bring inclusive and Shariah-compliant innovation to the market.' 'Leveraging our deep expertise in Shariah-compliant finance, Mawarid Finance is excited to collaborate with O Gold on this groundbreaking initiative,' said Rashid Al Qubaisi, CEO of Mawarid Finance. 'This partnership allows us to extend the benefits of real asset-backed value to a wider audience through a convenient and ethically sound prepaid card.' The initiative is designed to serve a wide range of users seeking ethical, secure, and asset-backed financial alternatives—reinforcing both organizations' commitment to responsible innovation. For more information or to express interest, visit
Zawya
27-04-2025
- Business
- Zawya
Mawarid Finance and its partners showcase innovative digital transformation and banking solutions
Dubai, United Arab Emirates: The Fintech and Innovation Summit, held recently organized by Mawarid Finance at the Palazzo Versace Hotel in Dubai under the theme "Empowering Innovation in Finance," spotlighted pioneering expertise in the digital transformation of financial services and innovations in core banking solutions. The summit also explored the promising future of Islamic fintech in the UAE. The event brought together over 300 senior executives and decision-makers from institutions operating in the technology and financial services sectors, specializing in advanced banking solutions and digital transformation, alongside representatives from Al Qasimia University in Sharjah. Leading organizations including Cedar Management Consulting, Mastercard, BML Technology, Arab Financial Services (AFS), and Al Qasimia University showcased their latest rapidly deployable trends and innovations designed to serve the UAE's banking sector. These initiatives are set to address the evolving needs of the rapidly expanding fintech industry, and are expected to drive a major leap forward in Islamic fintech. Ultimately, they aim to deliver innovative, high-quality services to Mawarid Finance's clients and to strengthen the UAE's position as a hub for modern banking solutions that support the digital economy. During the summit, His Excellency Rashid Al Qubaisi Chief Executive Officer of Mawarid Finance, announced a series of partnerships the organization has recently established with leading companies both domestically and internationally. He also hinted at upcoming agreements with major institutions, describing them as "partners of success." Al Qubaisi reaffirmed Mawarid Finance's commitment to providing customized, innovative solutions tailored to the unique needs of each partner, moving beyond a one-size-fits-all approach — all with the aim of serving and empowering its valued clients. His Excellency emphasized that Mawarid Finance, through its future-focused vision, is determined to serve as a true enabler for fintech companies, providing them with the tools they need to swiftly and efficiently launch digital financial services. He highlighted the company's commitment to fostering a fully integrated digital services environment, prioritizing transparency, leveraging data for informed investment decisions, and strategically planning every step to overcome challenges and achieve ambitious goals. At the conclusion of the summit, His Excellency honored the organization's success partners and event sponsors, whose contributions have been instrumental in Mawarid Finance's notable achievements. Among those recognized were BML Technology, Arab Financial Services (AFS), and Falcon Eye Technology.
18-04-2025
- Business
Mawarid Finance to Host Fintech & Innovation Summit 2025 in Dubai
Event to spotlight UAE's fintech ambitions and digital finance future. Mawarid Finance has announced the upcoming Fintech & Innovation Summit 2025, set to take place on Thursday, 24th April in Dubai, under the theme "Empowering Innovation in Finance." The summit will gather top leaders from the finance and technology sectors across the UAE, alongside government officials, investors, regulators, and industry experts. Discussions will center on enhancing access to finance, aligning banking services with UAE regulatory frameworks, and empowering entrepreneurs and SMEs. Key focus areas include the evolution of fintech, innovation-driven customer experiences, digital banking advancements, AI integration, and data security. The event also aims to support emerging companies by addressing the latest legislation and regulatory developments. Rashid Al Qubaisi, CEO of Mawarid Finance, emphasized the summit's role as a vital platform for knowledge exchange and future-oriented discussions. 'It highlights Mawarid's commitment to advancing innovative solutions in financial services, including Islamic finance, to better serve our clients,' he said. Al Qubaisi also noted that the agenda features several high-level dialogue sessions with key decision-makers, reflecting Mawarid's support of the UAE's broader vision to become a global fintech hub. The summit reinforces Dubai's position at the forefront of digital finance and underlines the critical role innovation plays in shaping the sector's future. News Source: Emirates News Agency
Zawya
17-04-2025
- Business
- Zawya
Mawarid Finance 'Fintech & Innovation Summit 2025' kicks off April 24th
Dubai, United Arab Emirates: Mawarid Finance, a leading finance company in the UAE, has announced the launch of the "Fintech & Innovation Summit 2025," which will be held on Thursday, April 24, 2025, at Palazzo Versace Hotel Dubai, under the theme: " Empowering Innovation in Finance." The event will bring together leaders from the finance and technology sectors in the United Arab Emirates, along with industry experts, investors, and representatives from government entities and regulatory bodies. The summit will focus on several key topics, including facilitating access to finance and delivering banking services that comply with UAE regulatory requirements for entrepreneurs and SME owners. It will also explore the future of fintech and the pivotal role of innovation in enhancing customer experience. His Excellency Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance said: 'The Fintech & Innovation Summit' offers an ideal platform for exchanging insights and experiences, as well as showcasing the latest innovations and forward-looking visions shaping the future of the finance sector in the digital era. It also highlights new initiatives led by Mawarid Finance, reflecting its strong commitment to advancing innovative solutions in the financial services sector, including Islamic finance, to better serve its clients." Al Qubaisi added: 'The conference agenda includes several dialogue sessions featuring prominent figures and key decision-makers. Topics will cover the development of digital banking services, regulations and legislation related to emerging companies, and the role of artificial intelligence and data security in modern financial platforms." He noted that Mawarid Finance's sponsorship of this conference aligns with the UAE's vision to position itself as a global fintech hub.
