MANAMA: Kuwait Finance House - Bahrain (KFH-Bahrain) has signed a strategic agreement with Tamkeen to provide finance for small and medium enterprises.
Companies in Bahrain will be able to get accessible low-cost Islamic financing solutions from KFH-Bahrain, with a 50 per cent subsidy from Tamkeen, as part of its efforts to enable these firms to obtain the funds they need to develop their businesses.
"The funding that will be provided by this programme will offer accessible financing options for entrepreneurs seeking to grow their business," said Tamkeen chief executive Mahmood Al Kooheji.
"We are working to support the business sector and the economic development in Bahrain according to Sharia principles," added KFH-Bahrain managing director and chief executive Abdulhakeem Alkhayyat. "This agreement with Tamkeen will help us in providing various Sharia-compliant financing solutions that are suitable for the business sector and the companies operating in Bahrain in order to help them to further grow and be productive," he added.