Industry: Sharia-Compliance Finance
Presence: Middle-East, North Africa & Europe
Dar Al Tawreeq was awarded the Dubai Chamber CSR Label 2016 at the awarding ceremony for the first cycle held on the 26th of October 2016, in the presence of His Excellency Majid Saif Al Ghurair, Chairman of the Dubai Chamber.
Dar Al Tawreeq is a Dubai based company offering Sharia-compliant factoring services to corporates and Small and Medium Sized Enterprises (SMEs) in the MENA region. Dar Al Tawreeq (DAT) provides cash management and liquidity solutions using credit-enhanced structured and utilizes advanced technology available to connect buyers and suppliers using an automated cloud-based platform. Dar Al Tawreeq is an affiliate of Tawreeq Holdings, a group specialized in comprehensive Sharia-compliant Supply Chain Finance (SCF) Solutions.
Tawreeq was established with the profound belief to support our business community with innovative SCF solutions that empower SMEs and their corporate partners and instill integrity in the entire ecosystem. Ever since its inception in 2014, Tawreeq has invested its efforts into being a socially responsible organization. It was at the beginning of 2016 that Tawreeq officially applied for the CSR Label from Dubai Chamber for it's developed and implemented CSR framework to define and improve their corporate social responsibility initiatives and activities to achieve sustainability.
Haitham Al Refaie, the Group CEO of Tawreeq Holdings, stated, “At Tawreeq, CSR is the confluence of what we believe and where we envision the future of our region. To us, Corporate Social Responsibility is a way of life, and how we grow is a reflection of our commitment to our core values and underlying conviction that ethical business is good business.”
At Tawreeq, CSR is not merely a strategy; it is the way we do business. Our CSR philosophy is a cornerstone of the business strategy and is merely a reflection to achieve our vision for a better business ecosystem across MENA, to facilitate ethical financial solutions that bridge the credit gap in the region, and to empower SMEs by improving their access to finance. Tawreeq’s CSR philosophy is to stay true to our core values and serve key stakeholders by integrating these values into our business across all the affiliates of Tawreeq Holdings group.
The four CSR pillars of Tawreeq are “Partners, Team, Society, and Environmental Sustainability”. Tawreeq’s pillars are built on our core values, which are Empowerment, Integrity, and Innovation. Tawreeq’s CSR strategy is based on our interaction with all stakeholders to facilitate the most benefit to SMEs and empower their businesses, as well as engage corporates to be more inclusive and have a holistic approach to their own supplier network, and provide the comprehensive benefits to the society with a more cohesive ecosystem supporting growth and employment.
Through CSR practices, in collaboration with our Partners and Team, we strive to adopt and engage the core values in our endeavor to impact the Society and Environment with the change that we wish to see in the businesses of tomorrow.
Tawreeq is honored to be awarded the prestigious CSR Label 2016 by Dubai Chamber, which sets an industry benchmark that supports and enables us to improve and expand our positive impact on the community.
We are dedicated to our CSR efforts and looking forward to expanding our cooperation with other like-minded organizations to leverage a wider positive impact and sustainability for our community.