Saleh Al Hashimi, Deputy CEO of Mawarid Finance, said: “The new agreement is part of our continuous efforts to become the first choice for clients in real estate funding, as well as providing comprehensive financial services to institutions and individuals.´

The agreement is one of several signed by the finance company since its launch in 2007.

“Mawarid is continuously looking to provide the best service to clients and since launching last year we have signed a series of agreements to facilitate property purchase,´ Al Hashimi said.

“Cayan now joins the list of Mawarid’s prime real estate partners. Clients buying from Cayan are assured of the best service and specialist expertise in Sharia’a-compliant funding. This new agreement is one of several we are working on with a number of companies so as to be able to satisfy their clients’ funding demands, whether to buy a house, car, or whatever their requirements may be,” Al Hashimi added.

Cayan´s developments include a number of unique projects in Dubai such as Silverene, the company’s fifth luxury project in Dubai Marina, La Residencia Del Mar, Dorrabay, The Jewels, and Infinity Tower, which has received many international awards.

Commenting on the agreement signing with Mawarid Finance, Kareem Derbas, CEO of Cayan said: “Our real estate projects in Dubai are characterised by prime location, high quality of materials used, and luxurious fittings and facilities.

“To date Cayan has delivered three towers in Dubai Marina with the fourth very close to completion. Signing this agreement with Mawarid will provide our clients with a variety of Islamic finance options that will assist them in buying their dream home.”