provides banks, private companies and the government with Islamic Banking and Takaful outsourced services. 2012 Adopted investment model of building synergies through acquisition and participation in related businesses Majority stake acquired in Falcon Eye Technology and TACME Strategic businesses built through launch of Mawarid Exchange and partnership with QuickNet 2013 The strategic focus is on emerging as a conglomerate with complementary and supplementary business, while building synergies through shared services model On the financing side, Mawarid entered into pay card and WPS business lines 2014 Mawarid obtained a MasterCard Principal License and launched Falak Tayyeb Credit Cards Entered healthcare through equity participation in Plus International Medical Center 2015 The launch of the Mawarid Group: * 12 portfolio companies * Developed 22 Islamic banking products * Established Mawarid Technology – The largest technology company in the region Social responsibility In 2007, Mawarid launched the Tamaiaz Award for new graduates and university seniors as part of its policy to drive Emiratisation and dedicated an annual budget of AED 1 million to it. It also encouraged other companies to join the initiative and by 2011, six national companies sponsored the award. Apart from the monetary rewards, recipients get job offers, benefits after they are employed and training to ensure their professional success. Rehab Lootah chairs the Tamaiaz Award executive committee. In 2008, Tanmia (the UAE National Human Resource Development & Employment Authority) signed an MoU with Mawarid to increase job opportunities for nationals, especially in Banking & Finance. Tanmia also promoted the Tamaiaz award. As part of the Falak Tayyeb for SMEs campaign and in an effort to facilitate credit appraisals and improve credit assessments of prospective customers, Mawarid entered into MOUs with local audit firms, Talal Abu-Ghazaleh and Gulf Resources, to teach customers to maintain proper books of accounts and to audit the same at special concessional rates. Mawarid Finance was a strategic partner in the 8th Forum of the Gulf Disability Society, held from 18 to 20 March 2008 under the patronage of His Highness Dr. Sheikh Sultan bin Muhammad Al-Qasimi, Ruler of Sharjah. Mawarid Finance became a major sponsor of Dubai's Al Nasr Sports Club in 2008 to encourage more participation in sports by UAE nationals. References External links Mawarid Finance Tamaiaz Awards Financial services companies of the United Arab Emirates Islamic banks of the United Arab Emirates Companies based in Dubai