(MENAFN- Arab News) Specialized in Islamic finance solutions and e-governance Aafaq Islamic Finance has won the award for the best finance establishment in 2014. CPI Financial presented it during the annual award ceremony for banks and finance providers across the world.

Aafaq has won this award after the international voting results were announced for Islamic Business & Finance Awards in the presence of Abdul Jaleel Al-Blouki deputy chairman of Aafaq; Mahmoud Abdul Aal CEO of Aafaq; and more than 200 prominent figures from a variety of financial sectors and 200 establishments from the GCC and EMEA regions.

Al-Blouki expressed his pride and delight over the honor that 'highly signifies the fast development and performance of the establishment.'

He noted that 2014 has been full of great achievements for Aafaq. "Winning this international award has crowned Aafaq's past achievements especially this year's. We would like to thank our clients of individuals and corporates for their high trust in Aafaq which has led to our fast development. We believe this achievement places Aafaq among the leading finance providers in the region."

The award was a result of research and studies conducted by CPI for banks across the Middle East and based on voting by banking sector and financial services followers.

This year Aafaq has won several laurels in terms of initiatives investment solutions and innovative payment services.

Aafaq's strategy focuses on exploring the available investment opportunities amid business sectors at the local and regional level leading to the highest revenue for its shareholders and society.

Aafaq also provides a vast range of finance solution services including corporate finance retail finance second generation of E-Dirham labor guarantees pay protection system EDA payment Fly Dubai & Air Arabia booking & payment.