Emirates Entrepreneurs Association and Ruwyah Islamic Community Bank Sign Landmark MoU
The Emirates Entrepreneurs Association (EEA) has forged a memorandum of understanding (MoU) with Ruyah Islamic Community Bank, marking an important step toward fostering a vibrant entrepreneurial and commercial landscape in the United Arab Emirates (UAE). The agreement underscores both organizations’ dedication to supporting young entrepreneurs and advancing the country’s economic development agenda.
The MoU, signed by Sanad Al Meqbali, the Chairman of the EEA, and Dr. Khalid Bin Mahmood, the Founder and Chairman of Ruyah Islamic Community Bank, aims to elevate the role of Islamic banking in empowering the next generation of business innovators. Under the terms of the MoU, the bank will provide comprehensive banking solutions tailored for start-ups and small to medium enterprises (SMEs) operating under EEA’s umbrella.
Speaking about the partnership, Sanad Al Meqbali said: “This agreement reflects our commitment to creating the right environment to support ambitious Emirati youth and entrepreneurs, by connecting them with specialized Islamic financial institutions.”
Dr. Khalid Bin Mahmood also highlighted the synergies between both entities in promoting entrepreneurship and contributing to wider financial inclusion goals. He stated: “We are keen to provide the best products and innovative services that will facilitate their business growth and meet their banking needs according to the principles of Islamic finance.”
Through this collaboration, the EEA and Ruyah Islamic Community Bank aim to empower Emirati entrepreneurs by offering educational programs, financial tools, and access to a network of investors and experts in the Islamic finance sector.
This development is anticipated to stimulate the growth of UAE’s entrepreneurial ecosystem and establish new benchmarks for partnerships between business associations and financial institutions.
Team V.INO-LNK
