Which Is The Most Innovative Islamic Bank?

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Kuala Lumpur: Let’s see what does the International Finance Magazine (IFM), a publication that recognises and honours pioneering organisations, have to say about it.

It is Bahrain Islamic Bank (BisB) that has recently emerged as the winner of the prestigious awards for “Most Innovative Islamic Bank” in Bahrain.

The bank’s ongoing commitment to developing its Shari’a compliant products and services with an innovative approach, and a digitization strategy to simplify customers’ money matters.

The bank launched its Know Your Customer (E-KYC) technology, enabling documentation verification procedures to be completed digitally, facilitating swift paperless transactions.

The year also saw the launch of an online account opening for its corporate customers via its application through a selfie, enabling customers to open an account within minutes.

Additionally, BisB introduced self-service kiosks across all branches and financial malls, available for use 24/7 – allowing existing and new customers to open accounts without the need for human intervention. Read Full Story

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