ABIB PARTNERS WITH CARREFOUR BAHRAIN
April 18th, 2011
Mohamed Al Mutweh, the CEO and board member of the bank with General Manager of Carrefour Bahrain, Joe Younes and other officials
Bahrain-based Al Baraka Islamic Bank (ABIB) has signed an agreement with Carrefour Bahrain to accept Taqseet Cards at their store in City Centre Bahrain. “It is our pleasure to have such a famous and successful business name such Carrefour participating in the Taqseet Card program and we are committed to providing our new partner with the highest level of cooperation to achieve successful and smooth card operations at their stores,” said Mohamed Al Mutweh, the CEO and board member of the bank.
“We launched Taqseet Card programme recently in the local market and it is considered to be an innovative Islamic finance card allows customers to get multiple finance amounts to purchase different items with flexible monthly repayments based on the customer’s choice. Also cardholders can pay the monthly installments for their purchases at Carrefour, in addition to the bank branches for their convenience. In this regards, it is worth...Read more
PROCCO IN BAHRAIN SELECTS WAY4 TO IMPLEMENT ITS SHARIA COMPLIANT RETAIL FINANCING PROGRAMME
October 5TH, 2006
Procco Financial Services selects WAY4 to implement its Sharia-compliant multi-functional retail financing system for new EMV instalment card issuing and acquiring business
Procco Financial Services, established by The International Investor, and OpenWay, an international developer and vendor of new-generation payment processing solutions, are happy to announce that Procco has selected OpenWay's WAY4 product and transaction framework to build its new multi-functional retail financing system.
Procco Financial Services has been established in Bahrain by The International Investor (TII), a leading financial shareholding company in Kuwait. Licensed by the Bahrain Monetary Agency, Procco will provide a full range of Sharia-compliant services and transaction processing, both to TII companies and to others wanting dedicated Sharia- compliant ‘back offices’ supporting their financial products. Procco services are based on a Service Oriented Architecture...Read more