SINNAD partners with Ithmaar Bank in Bahrain for cards processing
By Edil Corneille
Manama-based SINNAD, a card processing service provider in the Middle East and Africa (MEA) region with advance card payment solutions, signed its successful processing agreement with Ithmaar Bank, an Islamic retail banking network in Bahrain.
The partnership intends to allow Ithmaar Bank to operate its cards services, facilitating card processing businesses with ease and convenience.
“Ithmaar Bank is committed to becoming the retail bank of choice in Bahrain,” said General Manager, Retail Banking Group, Mohamed Janahi. “We recognise that, to do so, we must listen closely to our customers and work to ensure we meet or exceed their expectations,” said Janahi.
“The agreement with SINNAD comes to expand our services into a new era of excellence. The combination between the Bank’s ambitious to lead in the market and SINNAD’s state of the art cards solutions and expertise in this field, shall result in a tremendous success in enhancing the payments offering,” said Janahi. The partnership with SINNAD would also enable us to introduce new products and services that exceed customer expectations, in a safer and more protected environment while using Ithmaar Bank cards,” he said.
Rana Almaeeli, General Manager of SINNAD commented, “We are pleased to expand our services to such a leading Islamic Bank. By the terms of the agreement, Ithmaar Bank shall utilise our end-to-end secured and reliable solutions and will allow its customers to enjoy topnotch Card services that are marked with convenience, reliability and confidentiality.”
Almaeeli added, “gaining one of the largest Islamic Banks in Bahrain on SINNAD’s platform is a major milestone in our strategic expansion plan. As we have always aimed to diversify our services, SINNAD has adopted all Sharia-compliant concepts and have always been keen to better cater to our banks’ needs through a wide variety of services and products. We look forward to work with many more Islamic banks in the near future.”
SINNAD mentioned that it continues in taking the financial business and services to new eras of development and excellence marked with the highest quality of standards and undisputable deliverables which have always been the most desired amongst the business community.
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