The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 to 900 employees by the end of the year, Chief Executive Officer Faisal Al Bannai told Bloomberg in an interview.
The project is not meant to go live with a big bang go-live approach where you have 40 entities onboard because that would be a catastrophe, that is why you go step by step, we want to start with two and go from there.
These options encourage startups to adopt new alternatives for providing flexible funding opportunities, thus assisting them in building and developing investment plans, he added.
The UAE follows Malaysia and the United Kingdom in terms of the number of Islamic fintech start-ups per market, according to analysis conducted by Edmond Christou, Bloomberg Intelligence.
With multiple investments in various fintech and digital payments companies, UAE Exchange is focused on collaborating with technology specialists, start-ups, industry partners and the academia to seek out opportunities that deliver seamless and positive c