Mawarid Finance and Athar Finance to Launch Stablecoin Payment Cards in the UAE
Mawarid Finance has partnered with Athar Finance to develop and issue stablecoin-powered payment cards in the UAE, in a move designed to make digital asset spending more practical for everyday use. The collaboration aims to connect stablecoin functionality with existing payment infrastructure while maintaining a Shariah-compliant framework.
According to the companies, the initiative is intended to help consumers use digital assets for routine transactions in a secure and compliant way. By embedding stablecoin payment capabilities into card-based payment systems, Mawarid Finance and Athar Finance are looking to respond to growing demand for digital financial services that align with local regulatory and ethical requirements.
Rashid Al Qubaisi, CEO of Mawarid Finance, said the partnership reflects the company’s focus on the next phase of financial innovation in the UAE. He added that the project is designed to bridge traditional financial services with emerging digital technologies, while supporting the country’s ambition to strengthen its position in the global digital economy.
“By collaborating with Athar Finance, we aim to deliver secure, Shariah-compliant payment solutions that enhance the usability of digital assets while supporting the UAE’s vision of becoming a global leader in the digital economy,” Al Qubaisi said.
The initiative is targeting consumers seeking transparent fintech solutions that align with values-based financial principles. Linking stablecoins to payment cards could improve both accessibility and efficiency, particularly for users looking for a simpler way to spend digital assets in day-to-day transactions.
Samira Solaiman of Athar Finance said the partnership is a significant step toward making digital assets more accessible for everyday use. She noted that the collaboration combines innovation with Shariah-compliant finance to meet evolving consumer needs while maintaining “the highest standards of trust, transparency, and compliance.”
The UAE continues to position itself as a regional hub for financial innovation, and this partnership adds to a growing number of projects focused on digital asset integration and payment modernization. While the announcement does not provide a launch timeline, it signals increasing interest in practical use cases for stablecoins within regulated financial services.
Industry Analysis
The planned launch of stablecoin payment cards reflects a broader trend in fintech: moving digital assets from speculative instruments toward everyday utility. In the UAE, where digital finance adoption and regulatory development have advanced quickly, products that combine compliance with convenience may gain traction among consumers and institutions alike.
For the payments sector, the initiative highlights the potential for stablecoins to operate within mainstream financial rails rather than outside them. If successful, such products could help shape future digital payment offerings in markets where Shariah compliance and regulatory clarity are important considerations.
