ABL and Sector News

Arab Finance House (AFH) launches the innovative E-Mousawama card

September 13 2010

Dr. Fouad Matraji, General Manager and Board Member of AFH, assisted by Mr. Nabil Osman, deputy general manager, launches during a press conference at Doha Hall the innovative E-Mousawama card.

The e-mousawama card is the 1st  of its kind, by being a Sharia’a compliant propriety credit card that is based on the mousawama Islamic financing contract and by being widely accepted electronically through a predefined network of merchants in Lebanon. What makes the e-mousawama card even more attractive to consumers is that it has a market leading nominal rate of 0.33%, as mentioned By Mrs. Manal Machaka during the conference.

This event was attended by AFH managers as well as a selection of representatives from the local press.

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