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Bahrain Islamic Bank offers Shariah financing via Benfat
Bank of Bahrain Islamic (BisB) announced its joining of the "Financing Market" through the "Benet Pay" app, making it the first bank in Bahrain to offer Sharia-compliant financing solutions via a digital platform. The platform relies on data to facilitate financing requests, allowing the bank to evaluate applications, make financing decisions, and manage customer relationships independently, while "Benet" provides the technical infrastructure and streamlines the application processing. This step is part of the bank’s efforts to enhance digital transformation and make access to flexible, Sharia-compliant financing solutions easier, supporting the Kingdom's direction towards a developed digital economy.
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