Mawarid Finance and Maghanim Launch B2B Virtual Cards for Corporate Travel in the UAE
Mawarid Finance and Maghanim have launched a Shariah-compliant B2B virtual card and expense management platform designed to help UAE businesses manage corporate travel spending more efficiently. The integrated solution enables companies to book travel, issue instant virtual cards, and automate expense reporting within a single digital ecosystem.
The new platform is positioned as a replacement for manual reconciliation workflows that are often time-consuming and prone to error. By combining booking and payment functions, the system gives businesses greater visibility into travel-related spending while helping reduce fraud risks and strengthen financial oversight.
According to the companies, the launch introduces a digital-first payment infrastructure built specifically for B2B use cases. The platform is aimed at corporate clients seeking more control over travel budgets and better alignment between payment data and booking activity.
Leadership Comments
Abdalla Alabdooli, Managing Director of Maghanim, said the partnership is intended to deliver secure, Shariah-compliant payment capabilities tailored to UAE businesses. He added that the solution is being built as a scalable platform that could support broader adoption across the GCC market.
Rashid Al Qubaisi, Chief Executive Officer of Mawarid Finance, said the launch reflects the company’s wider strategy to develop scalable offerings across payments, lending, and embedded finance. He noted that as business travel and corporate mobility continue to grow across the GCC, companies are looking for ways to simplify expense management while improving security, transparency, and operational efficiency.
Targeting Corporate Travel Digitisation
The rollout comes amid rising demand for integrated digital financial solutions in the regional corporate travel sector. By unifying travel booking, virtual card issuance, and expense reporting, the platform is designed to streamline internal finance processes and provide companies with a more structured way to manage travel spend.
For businesses operating in the UAE, the solution may also support faster payment execution and more accurate expense tracking, both of which are increasingly important as companies seek tighter control over operational costs.
Industry Analysis
The launch reflects a broader shift in the Middle East toward embedded finance and automation in business payments. Corporate travel is a practical use case for virtual cards because it combines recurring spending, budget controls, and the need for clear reconciliation. Platforms that connect booking and payment data can reduce administrative overhead and improve oversight for finance teams.
The emphasis on Shariah compliance is also notable, as it aligns the product with market expectations in the UAE and wider GCC region. If adopted at scale, solutions like this could support the expansion of digital payment tools in corporate finance, particularly in sectors where transparency, security, and compliance are key priorities.
