Arab Financial Services Partners with Aafaq Islamic Finance to Support Fintech Start-Ups in the UAE

A partnership has been formed between Bahrain-based Arab Financial Services (AFS) and United Arab Emirates- (UAE) based Aafaq Islamic Finance to support Fintech startups in the UAE in launching products and services in the local market.

Why it Matters?

The partnership is in line with AFS’s Regional Partner Programme that aims to provide a platform for emerging and existing Fintechs to launch, expand and scale their products across the region. According to Samer Soliman, AFS’s Chief Executive Officer (CEO), technology and innovation is recognised as vital for the function of the modern payments system and this collaboration acts as a combination of expertise and knowledge to provide a framework of Banking Identification Number (BIN) sponsor...