DUBAI — Emirates Islamic Bank (EIB) and MD Interior Design, a member of Mohammed bin Rashid Establishment for Young Business Leaders (SME), yesterday signed an agreement to offer Islamic financing solutions to beneficiaries of the Mohamed bin Rashid Housing Establishment — a government body that facilitates affordable housing for UAE Nationals.
According to the agreement, MD will offer a variety of cost-effective design packages financed by Emirates Islamic Bank to the beneficiaries of the Housing Establishment.
The project, the first of its kind in the UAE, offers home owners an opportunity to decorate their homes with stylishly designed furniture, window treatments, floor and wall coverings, accessories, art and lighting.
Abdul Baset Al Janahi, CEO of Shaikh Mohammed Est. for Young Business Leaders said: “We are proud to see our members building relationships with some of the country’s leading companies to offer high-quality services. MD is one of the Establishment’s several successful companies which have transformed their ideas into successful businesses while at the same time contributed to the community.”
“Small and medium businesses like MD have an important role to play in the development of the local economy by providing innovative products and services,” he added.
Eng. Rashid Al Moutawa, CEO of Mohammad bin Rashid Housing said:”This cooperation agreement between Emirates Islamic Bank and MD Interior Designs is the first outcome of the Memorandum of Understanding that was signed between Mohammad bin Rashid Housing and Mohammad bin Rashid Establishment for Young Business Leaders which stated a cooperation among member companies to support young UAE nationals through providing services to projects completed by Mohammad bin Rashid Housing.”
“Mohammad bin Rashid Housing is opening the opportunity to the companies and institutions that are managed by UAE nationals to contribute to the building of their country through providing services to members of Mohammad bin Rashid Establishment for Young Business Leaders and to encourage young UAE women and men to support their own private businesses.”
He also added that Mohammad bin Rashid Housing is not only providing UAE nationals with housing opportunities but also adding this service to offer the best solutions for the interiors of their new houses.