Aafaq Islamic Finance Partners with Dubai SME to Provide Financing for Local SME Sector

United Arab Emirates (UAE) based Islamic finance provider, Aafaq Islamic Finance (Aafaq), has launched a new financing programme entitled ‘Osool’ in partnership with Dubai SME, which is an agency of the Dubai Economy (Department of Economic Development of the Government of Dubai), to develop the Emirati small and medium enterprise (SME) sector, according to local media reports.

Why It Matters?

‘Osool’ will focus on assisting Emirati SMEs and entrepreneurs with competitive financing solutions that offer flexible payment plans, minimum documentation and faster processing, which will help them achieve stability in a volatile market.

The programme was established to support the UAE Government’s objective of assisti...