BisB Offers Instant Islamic Finance via App
No documents, no delays
Bahrain Islamic Bank (BisB) has unveiled a new instant financing option that allows customers to access personal funds through its digital app by pledging their Tejoori Al Islami deposits.
The move introduces a fully automated, Sharia-compliant financing route that eliminates the need for physical paperwork or branch visits. Customers can now instantly apply for personal finance directly through the 'BisB Digital' application, using their existing Islamic deposit balances as collateral.
Digital shift
Described as secure, real-time, and paperless, the service provides liquidity through a fast, pledge-based model that adheres to Islamic banking principles. The financing amount is based on the value of the pledged deposit, ensuring compliance while offering immediate convenience.
Faisal Al Abdulla, Chief Retail Banking Officer at BisB, said the launch reflects the bank's push toward more responsive and accessible digital banking solutions. 'By introducing instant pledge-based financing via the 'BisB Digital' application, we are not only simplifying access to personal finance but also enhancing customer convenience,' he said.
Customer-first model
The new feature comes as part of BisB's wider effort to merge innovation with compliance, offering customers a seamless Islamic banking experience tailored to modern expectations.
Customers interested in the pledge-based financing option can activate the feature by downloading the app and navigating to the finance section.
BisB continues to position itself as a leader in digital Islamic finance by aligning technological convenience with core faith-based values.
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