Tagged: bahrain

February 16, 2020 @ 5:51 pm By Omar Faridi  |  

Ila, a Bahrain-based digital, mobile-only banking entity, has confirmed that it has appointed Mohamed Al Maraj as the company’s new chief executive. Established in November 2019 as a wholly-owned retail subsidiary of Bank ABC (the Arab Banking Corporation), a global bank with headquarters in the… Read More

January 14, 2020 @ 11:08 am By Omar Faridi  |  

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More

January 6, 2020 @ 10:14 am By Omar Faridi  |  

Solidarity Bahrain, one of Bahrain’s largest insurance service providers and a subsidiary of Solidarity Group Holding, has reportedly launched its newly developed core insurance system, TCS BaNCS. The TCS BaNCS insurance platform is part of the foundation of Solidarity’s digital transformation plan and has been… Read More

November 26, 2019 @ 12:36 am By Omar Faridi  |  

Bank ABC revealed on November 24 that it has introduced “ila” Bank, as the institution prepares to enter the digital, mobile-only banking sector, beginning with the Middle Eastern country of Bahrain. The initiative’s roadmap involves promoting the new platform across the Middle East and North… Read More

October 23, 2019 @ 8:28 pm By Omar Faridi  |  

Boston, Massachusetts-based Algorand, a firm developing a scalable, secure, and decentralized crypto platform, has reportedly been certified as sharia-compliant. Bahrain’s Shariya Review Bureau (SRB) provided the certification, which indicates that the Algorand platform abides by the teachings and requirements of Islamic law. The certification could… Read More

October 8, 2019 @ 9:53 am By Samantha Hurst  |  

Peer to peer lender Beehive announced on Tuesday it has facilitated funding for its first SME in Bahrain. According to the online lending platform, the SME, Bahrain-based Mira Packaging Factory, manufactures disposable paper cups and other food packaging solutions to the GCC and African F&B industry.  “Since… Read More

May 14, 2019 @ 10:37 am By Samantha Hurst  |  

Visa recently announced it has partnered with Bahrain FinTech Bay to further support the development of the FinTech ecosystem in Bahrain. According to Visa, Bahrain FinTech Bay was established a year ago and has around 100 partners including financial institutions, technology companies, fintechs, public institutions,… Read More

November 26, 2018 @ 12:00 am By JD Alois  |  

For 25 years, the World Islamic Banking Conference (WIBC) has solidified its reputation as the indisputable compass for the global Islamic finance and banking industry, building a robust platform that comprises of leading bankers, institutional investors, asset managers, policy makers, academics and other stakeholders from… Read More

November 13, 2018 @ 9:13 am By Samantha Hurst  |  

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a Memorandum of Understanding (MOU) to strengthen cooperation between the two countries in fintech. According to the two organization, the MOU will support the sharing of information… Read More

February 26, 2018 @ 11:39 am By Samantha Hurst  |  

Last week, the Middle East and African fintech hub, Bahrain FinTech Bay, announced it is now officially open for business. Along with its opening, it also announced startups and founding partners. Bahrain FinTech Bay claims it is the region’s largest fintech and is aiming to… Read More

January 8, 2018 @ 1:45 pm By Samantha Hurst  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced on Monday it has entered into a fintech cooperation agreement with the Bahrain Economic Development Board (EDB). The organization noted that the agreement marks a significant first in the MENA region. Notably, with the new… Read More

August 29, 2017 @ 11:16 am By Erin Hobey  |  

The Central Bank of Bahrain (CBB) has announced two entrants into its regulatory sandbox:  Tramonex, a London-based forex cash management solution for businesses and NOW Money, the Dubai-based account and remittance service for low-income workers in the GCC. “We are pleased to welcome the first… Read More

August 10, 2017 @ 11:03 am By JD Alois  |  

  The Central Bank of Bahrain (CBB) has released regulations for debt based crowdfunding. Rules apply to both Shari’a compliant and conventional investments. It is expected that equity-based crowdfunding regulations will be announced later this month. The CBB announced that for the first time it will… Read More

June 28, 2017 @ 7:30 pm By Cole Lyons  |  

The Bahrain Economic Development Board (EDB), Singapore Fintech Consortium (SFC), and the Dubai-asset management firm Trucial Investment Partners have partnered to create a new FinTech environment. This new agreement is a part of a wider partnership aiming to make Bahrain the region’s Fintech powerhouse. Khalid Al Rumaihi,… Read More

March 30, 2017 @ 9:51 am By Samantha Hurst  |  

The Bahrain Economic Development Board (EDB) announced on Wednesday it has formed a partnership with Singapore Fintech Consortium (SFC) and Truical Investment Partners to develop a fintech ecosystem and regulatory frame for the kingdom. According to EDB, the partnership aims to transform Bahrain into the… Read More

December 1, 2015 @ 12:00 am By JD Alois  |  

Held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain, we welcome you to the 22nd Annual World Islamic Banking Conference 2015 held in the Gulf Hotel, Kingdom of Bahrain on 1, 2 and 3 December 2015. Organized… Read More

November 12, 2015 @ 1:35 pm By Samantha Hurst  |  

  Last week, the organizers of the World Islamic Banking Conference (WIBC) announced that it will be adding crowdfunding into the topic of discussion during its annual conference that is being held under the patronage of His Royal Highness Prince Khalifa Bin Salman Al Khalifa, Prime Minister… Read More

February 25, 2015 @ 10:34 am By JD Alois  |  

Gulf Wealth Management (GWM) has asked Crowd Valley to assist in the development of a customer facing investment platform plus back office features for its digital wealth site targeting investors in the Arabian Gulf region. GWM has launched a crowdfunding campaign on Seedrs to raise… Read More