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Islamic Finance

Aafaq Islamic Finance, NWTN collaborate to drive sustainable mobility 

UAE-based financial services provider Aafaq Islamic Finance has collaborated with mobility technology company NWTN to propel the electric vehicle financing landscape.

The partnership establishes a framework focused on sustainability and enhances accessibility to financing options. 

The collaboration between the two entities, via a memorandum of understanding, encompasses tailored financing solutions, streamlined application and approval processes. 

Established in 2006, Aafaq Islamic Finance provides a wide range of Sharia-compliant banking products and services to companies and individuals. Meanwhile, Dubai-headquartered NWTN has a full vehicle assembly facility in Abu Dhabi.