Manama, Bahrain – December 26, 2024 – Global Payment Services (GPS), a pioneer in financial technology solutions, has announced a strategic partnership with Bahrain Islamic Bank (BisB), the Kingdom’s leading provider of innovative Islamic financial solutions. Together, they have launched an Islamic Card Installments solution aimed at revolutionizing payment options by offering customers flexible, Sharia-compliant installment plans.
This innovative solution allows BisB customers to split payments into manageable installments, enhancing financial accessibility while adhering to Islamic principles. By combining GPS’s advanced technology with BisB’s expertise in Islamic finance, the partnership ensures a seamless and customer-centric payment experience.
Ali Arab, General Manager at GPS, highlighted the significance of the collaboration:
“We are thrilled to partner with Bahrain Islamic Bank on this transformative project. This partnership highlights our commitment to delivering cutting-edge, Sharia-compliant financial products that meet the needs of our evolving market. It positions GPS as the trusted partner for financial institutions looking to integrate innovative payment solutions.”
Ms. Fatema AlAlawi, Acting Chief Executive Officer at BisB, shared her enthusiasm for the initiative:
“We are honored to collaborate with GPS in launching this robust installments solution, which empowers our customers to manage their finances more effectively while adhering to Islamic finance principles. This initiative underscores our unwavering dedication to delivering innovative products that enhance customer experiences and contribute to the broader financial ecosystem.”
The partnership is a testament to how strategic collaborations can reshape the financial landscape, reinforcing Bahrain’s status as a hub for financial innovation. GPS and BisB are setting new standards in Sharia-compliant payment solutions, underscoring their leadership in delivering advanced and customer-focused offerings.
