SINNAD offers Islamic banking processing in the Middle East

Wednesday 2 December 2020 11:36 CET | News

SINNAD has completed the migration of a large Islamic bank in Bahrain to its system, after it went live with its new processing platform built on Compass Plus software.

SINNAD, a third-party payment service provider based in Bahrain, partnered with Compass Plus to enable it to offer a Shari’ah compliant payments processing platform to both conventional and Islamic financial institutions across the GCC, Middle East, and Africa.

Now, many customers have migrated to SINNAD’s new platform, including some large Islamic banks in Bahrain, according to the official press release. The latest is the largest Islamic bank in Bahrain, who is using the system for card issuance, ATM driving, fraud detection and prevention, and instant card issuance, the press release continues.

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Keywords: SINNAD, banking, Islamic Bank, Bahrain, Compass Plus, software, card issuance, ATM driving, fraud detection
Categories: Banking & Fintech
Countries: Bahrain, United Arab Emirates
This article is part of category

Banking & Fintech