Corporate Finance
Overview
Mawarid Finance is a leading financial institution in the UAE, offering a wide range of Sharia-compliant banking products and services. Established in 2006, Mawarid Finance has built a strong reputation for its customer-centric approach, innovative solutions, and commitment to ethical banking practices. With a diverse portfolio that includes personal finance, home finance, auto finance, and credit cards, Mawarid Finance caters to the varied needs of individuals and businesses alike. The institution is dedicated to fostering long-term relationships with its customers by providing tailored financial solutions that align with their values and aspirations. Mawarid Finance continues to expand its footprint in the UAE's financial sector, driven by a vision to be the preferred choice for Islamic banking services.
Business Deposits Solutions
Ojoor
WPS Payroll Solutions in UAE
As a business, we know it is important for you to be compliant with the laws and legislations of the place in which your business operates, as well as being assured that your business transactions are handled in a secure manner. Mawarid’s Ojoor WPS Management solution provides enterprises with a safe electronic salary management system to process their WPS payroll payments. Our solution is designed to protect companies from the security hassles related to transporting cash for payroll disbursal.
WPS Solution Management
Our Ojoor WPS Management has been developed according to UAE Ministerial decree of 2009 on Protection of money, introducing a more enhanced financial security for salaried professionals.
Why Mawarid Finance for WPS payroll management?
Mawarid Finance provides your company with the finance facility to pay your employees salary conveniently and on-time. Based on the Islamic mode of Murabaha, Mawarid Finance lets you tailor a package that not only meets your business requirements, but also assists in improving benefits for your staff.
One of our specialist sales representatives will visit your company to verify your documents before beginning the application process.
Features of the solution:
• Fully compliant with UAE government’s Wages Protection System
• Competitive set-up and monthly fees
• Fast and convenient processing
• Full and comprehensive set of WPS services
• Wages distribution via two channels (Bank accounts & Ojoor card)
• WPS solutions (Ojoor cards) for your un-banked employees
Fees & Charges:
One time set up fee per trade license: AED 1,000
- Monthly processing fee per month per employee: Starting at AED 5
- Fee per salary information file (SIF): NIL
- Ojoor Payroll card issuance fee per card: AED 10
Mudarabah Fixed Deposits: Secure Your Earnings
You've worked hard for your income. There's no safer place for it than with Mawarid's Mudarabah Fixed Term Deposits.
Key Features
- Secured investment.
- Available in multi currency options.
Wakalah Deposit
Mawarid's Wakalah deposits offer flexibility with terms ranging from one month up to two years. Our dedicated Treasury department works actively to ensure you receive the best possible returns on your hard earned income.
Key Features
- Secured investment.
- Available in multi currency options.
- No set up charges.