meem by Gulf International Bank wins the “Best Islamic Digital Bank 2021” award at the Global Islamic Finance Awards

Manama: Gulf International Bank BSC (GIB) announced that meemits digital retail banking arm, was named “Best Islamic Digital Bank 2021” at the 11and Global Islamic Finance Awards (GIFA).

Launched in the Kingdom of Saudi Arabia in 2014 and the Kingdom of Bahrain in 2018, meem is the world’s first digital Islamic retail bank and offers its customers an innovative range of Shariah-compliant products and services through digital channels. .

The GIFA Awards, which are the world’s foremost Islamic honors of this type, aim to recognize, encourage and reward governments, institutions and individuals who have demonstrated outstanding achievement and excellence and contributed to the sustainability and growth of Islamic banking and finance as a viable system within the global financial system.

meem was selected as the winner based on new product innovations over the past 12 months. These included the launch of its Home Finance product and the “ajeeb rewards program” for its credit card customers in Saudi Arabia. Additionally, it has further enhanced its customer experience in Saudi Arabia with the integration of electronic promissory note and electronic signature capability on all relevant products. Similarly, in Bahrain, meem has added Personal Finance and Personal Finance Buyout products to its offering.

The ajeeb program allows customers to receive instant points at the point of sale and enjoy cash back or access to online rewards redemption at over 100 stores across the Kingdom.

Head of the Retail Banking Group, Mohammed AlAjmi said, “We are delighted to see meem recognized as the “Best Islamic Digital Bank 2021. We are extremely proud of the continued progress made to develop our offering and optimize digital banking. . process for our customers across the Kingdoms of Saudi Arabia and Bahrain. We will remain committed to continuous innovation to meet the rapidly changing needs of our customers by delivering a unique and dynamic digital retail banking experience.

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About Gulf International Bank (GIB)
Gulf International Bank BSC is a pan-GCC universal bank established in 1975 and regulated by the Central Bank of Bahrain. GIB’s services are provided in the GCC and international markets through its subsidiaries: GIB Saudi Arabia and GIB (UK) Ltd. Additionally, the Bank has branches in the United Arab Emirates, London and the United States.

GIB is owned by the governments of the Gulf Cooperation Council countries, with the Saudi Public Investment Fund being the main shareholder.

For more information, please contact:
Zahraa Taher
General director
FinMark Communications
Email: [email protected]

© Press Release 2021

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