Mawarid Finance, a UAE Central Bank-licensed Sharia-compliant financial institution and Rentify, a leading FinTech and Proptech firm have announced a strategic partnership to introduce a first-of-its-kind rental payments solution designed to eliminate barriers in the UAE property market – upfront annual rent.
For decades, tenants across the UAE have faced the financial strain of paying a full yearโs rent in advance often delaying or limiting their ability to move into homes they truly want. By combining Mawarid Financeโs trusted financial strength and Rentifyโs purpose-built digital renting platform, the partnership enables eligible tenants to convert their annual rent into manageable monthly payments, while ensuring landlords receive the full annual amount upfront.
This collaboration represents more than just payment flexibility. It addresses structural friction in the rental market by removing the financial pressure of lump-sum rent payments, increasing transparency through digital records and payment visibility, strengthening financial confidence for both tenants and landlords, and ensuring landlords receive guaranteed annual rent upfront.
The product is now live and delivers a seamless, fully digital experience from application to approval and payment offering tangible benefits across the rental ecosystem. โOur collaboration with Rentify reflects Mawarid Financeโs commitment to delivering accessible, innovative, and Shariah-compliant financial solutions. Through this partnership, we are introducing a flexible โrent now, pay laterโ model that empowers customers with greater convenience, control, and financial confidence.โ Mr Rashid AlQubaisi, CEO of Mawarid Finance, said.
Mr. Rashed Hareb, Co-Founder & CEO, Rentify, said, โTheย rent is one of the largest financial commitments for families in the UAE, yet the system has remained largely unchanged for decades. This partnership with Mawarid Finance represents a defining moment for us. We are not just introducing flexibility, we are redesigning how rent works. By combining digital innovation with institutional financial strength, we are building a more transparent, predictable and financially confident rental ecosystem.โ
Mr. Rajneel Kumar, Co-Founder & COO, Rentify,stated thatย โOver the past two years, we have deeply studied the friction points across the rental journey from liquidity constraints to operational inefficiencies. Our collaboration with Mawarid Finance allows us to solve these challenges at scale. Together, we are creating a solution that benefits both sides with tenants gaining flexibility and control and landlords receiving certainty and guaranteed payments.โ
The Mawarid Finance-Rentify partnership marks an important milestone in modernising UAEโs rental landscape. By aligning FinTech innovation with institutional financial backing, the two entities are setting a new standard for how rent should work in a digital-first economy.
