Home » Aafaq Islamic Finance and NWTN sign MoU drive sustainable mobility

Aafaq Islamic Finance and NWTN sign MoU drive sustainable mobility

by Madaline Dunn

UAE financial services provider Aafaq Islamic Finance and NWTN, an eco-conscious mobility technology company, have signed an MoU aimed at transforming the electric vehicle financing landscape.

The partnership establishes a collaborative framework focused on bolstering sustainability in the vehicle purchasing landscape, by enhancing accessibility to financing options and simplifying the purchase process.

Areas of collaboration between the two include tailored financing solutions and streamlined application and approval processes.

Commenting on the partnership, Hisham Hammoud, CEO of Aafaq Islamic Finance, said: “We are delighted to collaborate with NWTN in this endeavor. This partnership reflects our commitment to providing innovative and accessible financing solutions to our customers while promoting sustainability in the automotive industry.”

Jan Scheidgen, Chief Commercial Officer at NWTN, added: “We are pleased to partner with Aafaq Islamic Finance to offer enhanced financing options for our premium electric vehicles. This collaboration marks a significant step towards achieving our shared goal of driving sustainable mobility solutions in the UAE.”

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