News – Parameswaran: Sharia-compliant finance is of the essence for SMEs


October 06, 2015 – Harish Parameswaran, Tawreeq Holdings Chief Operating Officer, highlighted the importance of Islamic Finance in facilitating access to finance for Small and Medium Sized Enterprises (SMEs) in means to empower their ability to expand and grow.

In an interview with CNBC Arabia at the Global Islamic Economic Summit (GIES) 2015, Parameswaran said that Sharia-compliant finance is a preference for many SMEs in the region, and at Tawreeq Holdings we specialise in offering comprehensive liquidity solutions for SMEs.

Tawreeq Holdings, the world’s first provider of comprehensive Sharia-compliant Supply Chain Finance (SCF) solutions, offering SMEs needed working capital and liquidity solutions. “Cash flow management and liquidity solutions is of the essence for SMEs to enable them to grow and expand their business, mitigating risks of illiquidity and insolvency that constantly jeopardise SMEs” Parameswaran added.

Tawreeq participates as a silver sponsor at the Global Islamic Economic Summit (GIES), which was held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

At Tawreeq we are pleased to have participated at the second edition of the GIES summit organised by the Dubai Chamber, Dubai Islamic Economy Development Centre (DIEDC) and Thomson Reuters as a silver sponsor in a significant event that reflects Dubai’s aims to position itself as the global capital of the Islamic Economy.