Manama Bahrain: Kuwait Finance House–Bahrain (KFH-Bahrain), one of the leading Islamic banks in the Kingdom and an integral contributor to the evolution of Bahrain’s Islamic Financial sector, has announced the launch of its brand new product, ‘Jazeel’. ‘Jazeel’ is a digital account opening and community based platform in the Kingdom of Bahrain and GCC countries.
In line with the Bank’s FinTech strategy, Jazeel will allow customers across the Kingdom, and eventually in the GCC, to not only open a Mudaraba-based savings account, Libshara account, transactional features and many other facilities and services. With Jazeel, the Bank introduces a fully digitized E-KYC (electronic Know-Your-Customer) process where in all customer information validation will be done online via video conferencing through the application. Jazeel enables customers to open the account within minutes, without having to visit a branch.
Through its slogan ‘Banking to do good’; ‘Jazeel’ aims to reward its community members with first-of-its-kind socially responsible features, revolving around self-development, education and healthcare. The community features are part of the many additional exciting services that will be on offer in the near future.
The platform provides a number of specialized custom-made features including forensic documents analysis, digital documents scanning including signature, facial recognition, selfie checks, create digital identity and many more. These features allow for the ‘genuine verification’ of the documents scanned by the customer, via the application, in the real time mode and can immediately alert the Bank of any tampering with the same. ‘Jazeel’ is currently available in Google Play Store and Apple App Store.
About Kuwait Finance House, Bahrain
Kuwait Finance House-Bahrain provides Islamic commercial and investment banking services. Established in 2002 as a wholly owned subsidiary of Kuwait Finance House-Kuwait; which was established on 1977; KFH-Bahrain specializes in developing and bringing to market the highest quality Islamic compliant banking and investment products, all of which are delivered by a staff of experienced and dedicated professionals with a deep understanding of the market and the clients we serve.
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