Manama: Bahrain Islamic Bank (BisB), a leading digital banking services, has introduced Jaser, a comprehensive suite of Islamic financial solutions tailored to bolster and streamline Bahraini exports to the Kingdom of Saudi Arabia.
The bank terms the initiative a reflective of bank’s commitment to empowering its corporate clientele and aligns with the directives of the Saudi-Bahraini Coordination Council, emphasizing Bahraini products as local content in Saudi government procurements to enhance trade ties between the two nations.
With Jaser, BisB aims to facilitate Bahraini entities in expanding their presence in the Saudi market by offering a diverse range of Islamic financing instruments, including Tawarruq products, commercial financing facilities, Letters of Guarantee, credit cards, and digital banking services. This package exemplifies the bank’s dedication to fostering the growth and expansion of Bahraini businesses by facilitating their entry into the Saudi market.
“This initiative not only aligns with the objectives of the Saudi-Bahraini Coordination Council but also resonates with BisB’s strategy of delivering tailored financial solutions to bolster the growth of its corporate clients,” Jawad Humaidan, Chief Corporate and Institutional Banking Officer of BisB, said.
“BisB continues to support the corporate sector by providing integrated financial and banking solutions through its network of 8 branches and 48 ATMs across Bahrain. Customers also have access to online banking services through BisB’s digital application and website, whereby they can open accounts and complete banking transactions within a few minutes, such as salary transfers and foreign exchange transactions, in addition to settlement services and corporate credit cards.”
