01/11/2015 07:52 AST

Islamic Finance House, or IFH, has announced the opening of its second branch, located in the midst of Dubai, and at close proximity to both residents in Dubai and Sharjah.

The opening ceremony was held under the patronage of Mohammed Ibrahim Al Shaibani, director general of the Ruler's Court of Dubai, and in the presence of Hamad Abdulla Rashed Al Shamsi, chairman of the board of directors of Abu Dhabi Securities Exchange, and Mohammed Abdulla Alqubaisi, chairman of Finance House. Affirming its growth plans across the UAE, through its provision of a tailored and divergent array of Shariah compliant financial products and services; Islamic Finance House is set on addressing the demand on Shariah compliant investments, personal, as well as corporate financing.

Hazem Ismail Elaggan, GM of Islamic Finance House, said: "Our aim is to encourage and promote an equally fostering environment specifically through providing Shariah-compliant facilitations to SME enterprises that are restricted in funding sources."

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