Today's Edition
DUBAI (ALETIHAD)
Emirates Islamic has entered into a partnership with EDGE Group, under which the bank will provide Islamic financing solutions to support the group’s treasury requirements.
The agreement was formalised at a signing ceremony and will see Emirates Islamic deliver Sharia-compliant banking solutions tailored to meet EDGE Group’s diverse financing needs.
The collaboration marks the initial phase of a long-term cooperation between the two entities and is designed to address a broad range of local and international financing opportunities. The partnership will cover corporate finance, supply chain finance solutions and digital banking services, supporting EDGE Group’s growth plans.
Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic, said: "This partnership highlights Emirates Islamic’s commitment to supporting leading UAE enterprises with Sharia-compliant financial solutions. Through our scale, innovation and expanding suite of products, we continue to advance the development of Islamic finance and deliver solutions that meet the evolving needs of businesses across sectors."
Rodrigo Torres, President & Group CFO of EDGE Group, said: "Securing innovative financing solutions is crucial for EDGE as we continue to expand our global footprint and accelerate the development of advanced technologies.
"Our partnership with Emirates Islamic represents a significant step in strengthening our capital structure. We look forward to the collaboration that will support our treasury needs, corporate finance initiatives and enhance our supply chain capabilities, reinforcing our commitment to driving future industries from the UAE."
