Mr. Hassan Jarrar, CEO of the Islamic Financial institution of Bahrain (BisB), the main digital Islamic banking financial institution within the Kingdom of Bahrain, confirmed the financial institution’s continuity in its efforts to assist entrepreneurs and start-ups according to the Financial Imaginative and prescient 2030. He additionally harassed the vital position performed by this sector. It’s witnessing a speedy progress that entitles it to contribute to the revival and restoration of the nationwide financial system.
This comes within the gentle of BisB’s collaboration with the Tamkeen Labor Basis, underneath which the Financial institution has signed a joint cooperation settlement underneath which it’s going to present complete financing options by way of a spread of packages for personal sector establishments within the Kingdom of Bahrain to assist establishments and offering them with alternatives for additional progress and growth.
The signing ceremony of the settlement was held on Sunday, April 3, 2022 on the Tamkin headquarters within the presence of Mr. Hassan Jarrar, CEO of the Islamic Financial institution of Bahrain, Mr. Hussain Mohammed Rajab, CEO of the Labor Basis (Tamkin), and Mr. Mr Javad Humaidan, Appearing Head of Company Banking and Monetary Establishments at Bahrain Islamic Financial institution and Mr Nasser Al Tattan, Basic Supervisor, SME and Industrial Banking, Ms Reem Al Alawi, Basic Supervisor, Authorized Administration and Management at Tamkin, Ms. Noha Suleiman, Director of Company Packages, and Ms. Farah Rabia, Director of Advertising and marketing and Communications.
On this event, Mr. Hassan Jarrar, CEO of the financial institution, stated, “We’re happy to be partnering with Tamkeen to assist establishments by way of the availability of quite a lot of funding packages designed to encourage entrepreneurs to begin, develop and develop their companies, and entice overseas funding. which can increase financial progress. This transfer stems from our perception in our position in social accountability by stepping up initiatives that can develop the nationwide financial system and assist all establishments and firms. We sit up for forming extra fruitful partnerships and persevering with to introduce banking merchandise that meet market necessities.”
For his half, Mr. Javad Humaidan, Appearing Head of Company Banking and Monetary Establishments at BisB, stated: “This strategic partnership will present the required assist, particularly to small and medium-sized corporations, in order that they’ll obtain their targets, given their important contribution in GDP, along with strengthening the Ecological Atmosphere system for brand spanking new corporations, particularly as they’ve been impacted by the consequences of the continued pandemic, by offering monetary options and help to them to succeed and improve their contribution to the nationwide financial system, highlighting our dedication to develop our companies and merchandise to simplify our clients’ banking expertise and enrich their lives.”
It’s price noting that Tamkeen just lately launched 16 packages designed to make an impression and obtain Tamkeen’s targets of empowering nationwide expertise to be the primary alternative for employment and activating the position of establishments in strengthening the place of the non-public sector as the principle engine of financial progress. progress within the Kingdom according to nationwide financial priorities and the Nationwide Financial Restoration Plan. This strategic partnership with monetary establishments within the Kingdom of Bahrain will present the establishments with the required funding to attain progress and growth regionally and internationally.