In continuation of its approach to providing innovative digital services to its customers in line with the objectives of its new strategy, Khaleeji Commercial Bank, one of the leading Islamic banks in the Kingdom of Bahrain, announced that it has signed a memorandum of understanding with “Realize”, under which it will provide a platform that will allow the employees of the bank’s corporate clients to obtain in advance a portion of of their monthly salaries.
The employees of the companies that join this platform will be able to request a part of the salary due in advance, which will contribute to the fulfillment of their financial obligations, which will be reflected in enhancing their institutional loyalty, job stability and positive impact on their productivity rates.
Sattam Sulaiman Al-Gosaibi, CEO of Khaleeji Commercial Bank, said: “We are pleased to announce this strategic partnership with (Realize), which embodies our tireless efforts to select the services and products available in the financial technology domain in line with the aspirations of our valued customers in the corporate sector, with the aim of enhancing their banking experience and contributing to achieving Their corporate goals, as this platform will have its impact on increasing efficiency and improving performance for both institutions and employees, and we will continue our commitment to offer the latest banking innovations and smart financial solutions to provide the finest services to our corporate and individual customers.”
For his part, the CEO of Realys, Khaled Al-Shakrani, said: “This platform is the first of its kind in the Kingdom, which we are pleased to offer exclusively during the current period in partnership with Khaleeji Commercial Bank. Our innovative platform is characterized by ease of use for companies and their employees without resulting in any Financial risks or impact on cash flows on companies that join the platform, as it is easy to integrate into the wage structure and the salary system, we are sure that this platform will contribute to strengthening the relationship between employees and institutions due to the advantage it provides, which has become one of the fundamental needs of many employees with multiple obligations This is what encouraged us to develop such a platform that will enrich many employees to resort to temporary funds to pay their necessary obligations.”
Khaleeji Commercial Bank is one of the distinguished Islamic banks that seeks to achieve the aspirations of customers through an Islamic banking model that provides a comprehensive range of high-quality banking services for individuals and companies and investment opportunities that are compatible with Islamic Sharia.