Latest news with #Sharia-Compliant
Economic Key
07-05-2025
- Business
- Economic Key
Bokra partners with iSUPPLY to provide $3M in Sharia-Compliant Revenue-Based Financing for Healthcare Distribution Innovation
'Bokra, the MENA region's first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Through this collaboration, Bokra has structured a revenue-based revolving financing, structured entirely in accordance with Sharia principles. This funding will fuel iSUPPLY's expansion by enhancing its supply chain operations and improving service in underserved communities. Ayman ElSawy, Founder and CEO of Bokra, commented: 'This partnership reflects Bokra's mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful economic and social value. By extending a revenue-based revolving financing to iSUPPLY, we're supporting a data-driven healthcare disruptor to scale responsibly, while offering our investors access to a real economy product that delivers purpose-driven returns. It's a clear example of how ethical finance can fuel growth in essential sectors and drive sustainable, long-term outcomes.' With this financing, iSUPPLY will scale its operations, deepening its digital footprint across Egypt's pharmaceutical ecosystem. Leveraging artificial intelligence and predictive analytics, the platform streamlines procurement, optimizes inventory, helping to resolve long-standing inefficiencies in the healthcare supply chain. Ibrahim Emam, Co-founder and CEO of iSUPPLY, commented: 'We're proud to partner with Bokra to accelerate our mission. Access to flexible, non-dilutive financing enables us to grow responsibly and stay laser-focused on what matters most, making access to medicine faster, more reliable, and powered by data.' This partnership represents a shared commitment to innovation and impact, bringing together fintech and healthtech to advance a smarter, more equitable future for healthcare distribution in Egypt and beyond. It demonstrates the viability of revenue-based financing as a model for empowering SMEs and high-growth ventures across strategic sectors. This financing marks the next chapter in Bokra's strategy to expand its portfolio of Sharia-compliant, asset-backed offerings, following the successful EGP 3 billion sukuk issuance for Aman. It reflects our ongoing commitment to bridging ethical finance with real-world impact, empowering investors to achieve their goals through products rooted in purpose, performance, and inclusivity. ظهرت المقالة Bokra partners with iSUPPLY to provide $3M in Sharia-Compliant Revenue-Based Financing for Healthcare Distribution Innovation أولاً على المفتاح الاقتصادي.
Zawya
14-04-2025
- Business
- Zawya
Sarah Al Mutawaah: New competitive property finance rates announced
As Part of Its Sharia-Compliant Financing Solutions.. Nomo Bank, the digital arm of the Bank of London and the Middle East 'BLME', a subsidiary of Boubyan Bank Group, announced its new competitive finance rates for GCC customers. This comes in an attempt to meet their aspirations in the UK residential properties market or for investing in leasehold properties in the United Kingdom, in addition to offering the possibility of refinancing their existing properties at competitive rates and flexible conditions. These financing solutions stand out as they are fully digital and Sharia-compliant, thus giving customers the opportunity to avail property financing with rates starting from 4.99% to 5.49% for residential and investment properties, with refinancing rates starting from 4.99% to 5.25%. ** Flexible Banking Experience That Meets Customers' Expectations On this occasion, Ms. Sarah Al Mutawaah, Nomo Bank's Executive Manager, said: 'With the increased interest in property investment in the United Kingdom, Nomo Bank continues to offer innovative financing solutions that keep up with its GCC customers' needs. The new rates offer a great opportunity for purchasing or refinancing properties starting from £100,000 and up to £2.5M in value, with flexibility in selecting from finance solutions that suit various customers' needs, whether for residential or investment purposes.' She added: 'Nomo's property finance stands out with payment tenors starting from 5 years and up to 30 years, with financing up to 75% of the property's value, making it easier for customers to own their property.' Al Mutawaah elaborated: 'GCC residents have a clear interest in the UK real estate market, whether for personal residential or investment purposes, or for their children who study over there. With the continued demand growth in this sector, Nomo's property finance solutions cater for the needs of this growing segment of customers in the Middle East, who have international banking needs.' 'Amid the ongoing economic challenges, investors are looking for investment instruments that strike the needed balance between revenues and stability. Hence, we offer Sharia-compliant property finance solutions that combine good financial performance with well-studied diversification opportunities in a reliable investment environment.', she pointed out. Al Mutawaah reiterated: 'Nomo Bank offers a fully-digital experience where customers can complete all property finance procedures easily through the App. This makes our procedures faster and more efficient. Ever since the start of Nomo, we have seen accelerated growth in the number of customers owing to Nomo's innovative digital services that cater for their banking needs. Moreover, the bank allows customers to manage their savings and investments conveniently and securely while employing cutting-edge Sharia-compliant digital solutions.'
