News Column

Business finance solution for SMEs

July 3, 2014



The new product will support small businesses in managing their cash flow efficiently and give them the freedom to take advantage of new opportunities as and when they arise.



In support of the government and the local business community's efforts to promote SME development across the UAE, Aseel Islamic Finance has launched a new business finance solution for small and medium-sized enterprises.







The new product will support small businesses in managing their cash flow efficiently and give them the freedom to take advantage of new opportunities as and when they arise.







Javed Afzal, CEO of Aseel Islamic Finance, said: "Good cash-flow management and fluid working capital is the heartbeat of any business. This new Shariah-compliant Business Finance service from Aseel Islamic Finance will take care of customers' cash-flow requirements, enabling them to operate efficiently and prosper using a service which reflects their values and principles."







According to statistics from Dun and Bradstreet (D&B), SMEs represent almost 92 per cent of the total number of companies in the UAE and provide over 86 per cent of private-sector jobs. Given the integral role that SMEs play in the sustainable development of the economy, the UAE is making considerable efforts to support these businesses and tackle the difficulties they face in securing financing.




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Khaleej Times (United Arab Emirates)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters