aafaq Bank

Aafaq Islamic Finance

Last Updated on 16 May 2020
  1. About the Aafaq Islamic Finance
  2. Products & Services
  3. Popular Products & Services
  4. Customer Support

About the Aafaq Islamic Finance

It was found in 2006. It provides a wide range of its innovative Islamic financial solutions with Islamic Sharia in the UAE & other regions. It comes in the list of best financial companies for serving high-quality products to the industries. It has its own reputation among other financial institutions in the UAE. 

Products & Services

Aafaq Islamic Finance offers its various Islamic financial products across the UAE & other regions. Let’s explore its all products - 


Products of Aafaq Islamic Finance

Corporate Finance

Commercial & SME Financing

Corporate Finance

Manufacturing Finance

Tasaheel- Capex Financing

Working Capital

Investment Deposit

Medical Equipment Finance

Nojoom

Property Finance

Tasaheel - Business Finance

Others

Education Finance

Auto Finance

Retail Financing


Credit Cards

Aafaq Platinum

Business Covered Platinum

Retail Covered Platinum


Popular Products & Services

It provides its wide range of financial products & services with high quality like - Corporate Finance, Medical Equipment Finance, Retail Financing & Credit cards etc. Let's have a look at it -


Corporate Financing Products:

It offers a broad range of Corporate Financing Products according to the Islamic Sharia Laws. Like - Commercial & SME Financing, Manufacturing Finance, Working Capital, Property Finance, Investment Deposits, Tasaheel- Capex Financing & many more. These Islamic Financial solutions have helped to fulfill customer needs.


Others:

It offers Retail Financing, Education & Car Loanto the UAE nationals & expatriates.


Credit Cards:

It offers Aafaq Platinum, Business Covered Platinum, Retail Covered Platinum credit cards with unique features & benefits to the customers. These cards help the customers to fulfill the basic requirements. 

Customer Support

Customers can get in touch directly to the Aafaq Islamic Finance via call or email on 600 502006 (Inside the UAE) or +971 4 3306444 (Outside the UAE) and customer.care@aafaq.ae respectively. 

CEO: Mahmoud Abdalaal

Chairman: Sheikh Sultan Bin Mohammed Bin Khalid Al Nahyan

Founded Year: 2006

Head Quarters : Dubai

Total Assets: AED 4.34 Million

Net Profit : AED 0.11 Million

Website: www.aafaq.ae

Car Loan Car Loan
Business Loan Business Loan
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Car Loan Provided by aafaq

Auto finance for self-employed (aafaq Sayyarat)

Flat Rate

4.25%

Minimum Salary

20K

Reducing Rate

7.71%

Max Loan Amount

500K

Early Settlement Fee

1%

Arrangement Fee

500

Down Payment

20%

20K

Minimum Salary

4.25%

Flat Rate

7.71%

Reducing Rate

500K

Max Loan Amount

1%

Early Settlement Fee

500

Arrangement Fee

20%

Down Payment

Auto finance for salaried individuals (aafaq Sayyarat)

Flat Rate

3.75%

Minimum Salary

7K

Reducing Rate

6.8%

Max Loan Amount

500K

Early Settlement Fee

1%

Arrangement Fee

500

Down Payment

20%

7K

Minimum Salary

3.75%

Flat Rate

6.8%

Reducing Rate

500K

Max Loan Amount

1%

Early Settlement Fee

500

Arrangement Fee

20%

Down Payment

Frequently Asked Questions

⭐ What is the minimum deposit scheme available in the bank?

The minimum deposit scheme available at Aafaq Islamic Finance is 10000 AED.

⭐ What insurance covers do I get as complementary with a credit card?

You get Life insurance, travel insurance and shield insurance free with the credit card.

⭐ What is mazaya program?

It is a program to offer credit card customers special discounts on purchases.

⭐ Where is aafaq islamic finance located?

The aafaq islmaic finance has branches in Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al khaimah, and Al Ain.

⭐ What is the aafaq islamic finance Contact number?

You can call on 600 502006 to instantly connect with aafaq islamic finance customer service

⭐ Where is the aafaq islamic finance head office?

The Aafaq Islamic Finance head office is at the single business tower, Sheikh Zayed Road, Business bay , Dubai. UAE.

⭐ What are the credit cards offered by aafaq islamic finance?

Aafaq Islamic Finance offers Aafaq Platinum, Business covered platinum, Retail covered Platinum cards. Visit aafaq credit cards page for more details on Aafaq Islamic Finance credit cards.

Latest Updates About aafaq

Infosys implements Finacle Core for aafaq Islamic Finance

19 February 2020

Aafaq Islamic Finance, an autonomous Sharia-compliant finance company in the UAE, and Infosys Finacle have announced the go-live of the Finacle Core, Islamic Banking and Payments solutions to power its operations.