Islamic Finance House

Islamic Finance House (abrv. IFH) (Arabic: دار التمويل الاسلامي) is a subsidiary under Finance House PJSC incorporated in the Emirates of Abu Dhabi, in the United Arab Emirates.[1][2][3]

Islamic Finance House
Private Joint Stock Company
IndustryFinancial services
Founded2008 (2008)
HeadquartersAbu Dhabi, United Arab Emirates.
ProductsCorporate Deposits
Corporate and commercial Finance
Personal finance
Islamic Covered Cards
SME finance
Investments
Islamic Finance
Websitewww.ifh.ae

Established on the 19th of March 2008 as a private Joint Stock Company, Islamic Finance House is licensed and regulated by the UAE Central Bank. With a focus on Islamic Finance, Islamic Finance House offers a range of Sharia compliant financial products and services that cater to both, individuals and corporations.[4][5]

Services

IFH’s service offerings are grouped into the following categories:

Corporate deposits

Includes time and wakala investment deposits, short term investment accounts and current accounts.

Corporate & commercial finance

Encompass vehicle and project/contract financing, labor guarantees(AL Rabeh), corporate covered cards, Islamic covered drawing, commodity murabaha, lease finance (Ijarah) and trade finance.

Personal finance

Entails Islamic covered cards, personal finance facilities and auto financing solutions.

SME finance

Provides a range of specifically tailored Sharia-compliant solutions for Small and Medium Enterprises.[6][7]

Investments

Financing and investment structures that include a combination of equity and multiple tiers of debt.

Board of directors
  • Mr. Eissa Saif Rashid Alqubaisi, Chairman
  • Mr. Mohammed Abdulla Jumaa Alqubaisi, Vice Chairman
  • Mrs. Shamsa Darwish Al Ketbi, Board Member
  • Mr. Yasser Geissah, Board Member
  • Mr. Mohammed Wassim Khayata, Board Member[8]

Sharia supervisory board

Composed of Islamic scholars and industry experts, Islamic Finance House’s sharia supervisory board has the following three executive members:

  • Sheikh Dr. Mohammed Ali Elgari, Head of Sharia Supervisory Board
  • Sheikh Esam Ishaq, Sharia Supervisory Board Executive Member
  • Sheikh Abdul Sattar Al-Kattan, Sharia Supervisory Board Executive Member[9]

References
  1. "Islamic Finance House opens new branch in Dubai - Gulf digital news".
  2. "List of Finance Companies in Dubai Abu Dhabi UAE".
  3. "List of finance companies (ABU DHABI)" (PDF).
  4. "NBAD announces its Sharia Mena Dividend Leader Fund Q3 earnings".
  5. "Islamic Finance House Opens a New Branch in Dubai".
  6. "ISLAMIC FINANCE: Introducing Islamic Finance House". Archived from the original on 2016-04-05. Retrieved 2016-04-06.
  7. "Islamic Finance House opens its new main branch in Abu Dhabi - MEED".
  8. "Board of Directors - IFH". Archived from the original on 2016-05-09. Retrieved 2016-04-06.
  9. "Shari'a Supervisory Board - IFH".
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