About Us

Al Wifaq Finance Company is a Private Joint Stock company with a paid-up share capital of AED 500 million shared between Union National Bank's contributions of 79.6% and strategic investors. We are the only finance company whose ownership structure represents both Dubai and Abu Dhabi governments. Our chairman H. E. Sheikh Nahayan Mabarak Al Nahayan, Minister of Education and Scientific Research is well supported by our Board of Directors who is made of eminent business personalities and a Management team made up of experienced professionals. Our Sharia Fatwa and Supervisory board consists of distinguished and eminent scholars headed by Dr. Hussain Hamed Hassan who is among the leading Sharia scholars in the industry.

The vision of Al Wifaq Finance Company is to offer innovative financial products and services to both organizations and individuals alike, in compliance with the rules and principals of the Islamic Shariah. In the short period of its existence, the company has managed to attract a pool of diverse clients, both individuals and institutional, and has created a revenue generating business model, while equally focusing on various aspects of internal growth and corporate governance.

In its first year of reporting i.e. the last three months of operations for the period ended 31 December 2006, the company was able to build a large and sustainable portfolio which reflects strongly on the management capability and the level of support and commitment offered by its key promoter, Union National Bank.