We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Fri 4 May 2018 09:59 AM

Font Size

- Aa +

Digital bank meem launches operations in Bahrain

Digital retail banking arm of Gulf International Bank offers Shariah-compliant services

Digital bank meem launches operations in Bahrain

meem, the digital retail banking services arm of Gulf International Bank (GIB), has been officially launched in Bahrain.

Rasheed Al Maraj, Governor of the Central Bank of Bahrain, attended the launch, saying: “We are pleased to see meem digital banking begin its operations in Bahrain. The launch underlines the Central Bank of Bahrain’s ongoing commitment and success in attracting FinTech specialists to the kingdom and strengthening the country’s FinTech ecosystem.”

meem is the region’s first Shariah-compliant digital banking service, offering financial solutions delivered through a mobile app.

It allows customers to open and manage their accounts, conduct everyday transactions through its online channel, supported by services such as video contact centre, e-mail, web chat and social media, a statement said.

GIB Group CEO, Abdulaziz Al-Helaissi, said: “We are very delighted to launch meem in Bahrain. meem offers convenient and straightforward banking for digital customers that rely on technology and appreciate the benefits of banking anywhere anytime.

"We aim to continue staying at the forefront of digital banking in the region by delivering innovative solutions to support the needs of our customers.”

The bank said that meem’s Bahrain inauguration is a "significant milestone as it paves the way for further expansion across the GCC".

Arabian Business: why we're going behind a paywall

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.