About Mawarid Finance
Mawarid Finance is a Dubai-based finance company that provides Islamic financial services. Mawarid means resources in Arabic.
The company offers Sharia-compliant financing for individuals, such as personal finance and vehicle finance, as well as financing for businesses. These products use Islamic structures, such as Murabaha and Ijara, instead of interest-based loans.
It has also offered investment products, such as deposits structured as Islamic investment accounts, giving customers a return on savings in line with Islamic principles.
Finance companies in the UAE are licensed by the Central Bank and can offer lending and certain other services, but they operate with a narrower scope than full banks.
Islamic finance is a large and growing part of the UAE's financial sector, supported by strong demand from customers who prefer Sharia-compliant products.
Sharia supervisory boards oversee products to confirm they meet Islamic requirements.
Customers comparing Islamic finance providers usually look at profit rates, fees, flexibility of repayment and the credibility of the Sharia board.
Startups UAE lists Mawarid Finance among Dubai's Islamic finance providers.
The company offers Sharia-compliant financing for individuals, such as personal finance and vehicle finance, as well as financing for businesses. These products use Islamic structures, such as Murabaha and Ijara, instead of interest-based loans.
It has also offered investment products, such as deposits structured as Islamic investment accounts, giving customers a return on savings in line with Islamic principles.
Finance companies in the UAE are licensed by the Central Bank and can offer lending and certain other services, but they operate with a narrower scope than full banks.
Islamic finance is a large and growing part of the UAE's financial sector, supported by strong demand from customers who prefer Sharia-compliant products.
Sharia supervisory boards oversee products to confirm they meet Islamic requirements.
Customers comparing Islamic finance providers usually look at profit rates, fees, flexibility of repayment and the credibility of the Sharia board.
Startups UAE lists Mawarid Finance among Dubai's Islamic finance providers.