Dubai Economy in partnership with Dar Al Tawreeq, a subsidiary of Tawreeq Holdings, has launched a sharia-compliant smart programme to offer receivables finance to suppliers dealing with government entities in Dubai. Dubai Economy is the first government entity to offer such a sharia-compliant receivable financing option to suppliers.
The programme aims to support private sector companies that deal with government agencies by expediting the processes of supply and payment while also enabling government agencies to benefit from competitive prices for services and procurement. Faster payment will support businesses in growing sustainably and maintaining cash flows.
