IslamicFinance.de

Bank AlJazira (BAJ) has announced an ambitious expansion plan. BAJ currently operates 40 Fawri remittance centers and plans to open several new branches across the Kingdom of Saudi Arabia. The Bank's Senior Vice President Sami Hamad Al-Rajhi said Fawri has a vast overseas network of payout locations in more than 200 countries and will continue to expand. He pointed out that money can be sent through Fawri to all major countries like India, Philippines and Pakistan, which are the three top remittance recipient countries, and Bangladesh, Egypt, Sri Lanka, Indonesia, Yemen, Turkey, Jordan, Morocco and many more countries around the globe. In addition, Fawri offers buying and selling of bank notes, namely for dollar and euro currencies. Fawri will be able to deal in all major currencies in the near future.