Eiger Trading releases 24/7 automated retail and wholesale Murabaha platform

Eiger Trading launched the first ever fully-automated, Shariah-compliant 24/7 Commodity Murabaha platform, in conjunction with Gulf International Bank’s (GIB) KSA retail arm, under the ‘Meem’ brand name. This fully-automated Islamic e-banking solution offers 24/7 online personal finance and deposits to retail clients in the Kingdom of Saudi Arabia. Eiger and GIB’s combined technology provides online customers with a 24/7 real-time mechanism for executing Shariah-compliant transactions, using commodities all of which are located and deliverable within the Kingdom.