IFIN Launches Automated Islamic Financing Platform in Bahrain to Connect Retailers and Islamic Finance Providers 

Bahrain-based Islamic fintech provider Islamic Finance Initiation Network (IFIN) has launched an automated Islamic financing platform to link retailers and Islamic finance providers. This cloud-based platform cuts down the conventional Islamic financing process to just a few minutes (from several days). The secure and innovative technology will connect retailers and Islamic finance providers, enabling them to offer customers instant access to Islamic financing for purchases at the points of sale.

Why it Matters?

The platform eliminates the need for customers to visit bank branches to secure finance, enabling them to do so as and when they make their purchasing decisions in the store. The platform also enables Islamic financial institutions to expand...