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DED and aafaq sign agreement to ease electronic payment procedures

21 Mar ,2011


 In line with its commitment to strengthen service standards offered to customers and investors, and to enhance economic development in the Emirates, the Dubai Department of Economic Development (DED) and aafaq signed a co-operation agreement to facilitate electronic payment of new trade licenses fees, as well as renewed and amended licenses through Islamic Finance Company's branches in Dubai.

This initiative is part of the efforts of DED and aafaq to enhance productivity, and save time and efforts for investors. As per the agreement, aafaq will provide DED with electronic systems services to facilitate the review of banking settlements, and also present a weekly detailed report covering all transactions and procedures during the preceding week.

"DED is committed to strengthen customer service standards and enhance their ease of access to our services. We are pleased to sign the agreement with Islamic Finance Company (aafaq), which will contribute in enhancing the level of services further and enable our customers to process their documents electronically without having to visit DED offices," said Mr Al Muroushdi.

"We will provide added-value services to clients through eServices that easily facilitate the process of attaining trade licenses, and thus give more flexibility for investors and customers," added Al Muroushdi.


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