IslamicFinance.de

Bahrain's Khaleeji Commercial Bank (KHCB) launched a new corporate financing product, I'teman Financing, at a Press Conference that was held on Tuesday, the 12th of May 2015. I'teman Financing is a new product that is compatible with the provisions of Islamic Sharia and acts as a substitute for overdraft accounts. This product entitles the customers to cover operating expenses or financial overheads. Corporate institutions can apply for the credit line and can benefit from the availability of liquidity to do cash withdrawals, Telex Transfers and Demand Drafts, in addition to other financial transactions. The new banking product is Sharia'a compliant and targets corporate entities both inside the Kingdom of Bahrain and abroad in order to facilitate their flow of liquid funds.