BisB launches Jaser to facilitate Bahraini exports to Saudi Arabia

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Bahrain Islamic Bank (BisB), the leading provider of digital banking services in the Kingdom of Bahrain, has introduced “Jaser,” a comprehensive suite of Islamic financial solutions tailored to bolster and streamline Bahraini exports to Saudi Arabia.

This initiative reflects BisB’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 aid 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.

Jawad Humaidan, Chief Corporate & Institutional Banking Officer of BisB, said: “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.”