TDT | Manama The Daily Tribune – www.newsofbahrain.com The Labour Fund Tamkeen has announced the signing of a partnership agreement with Safaghat, a pioneering crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing support t
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The Labour Fund Tamkeen has announced the signing of a partnership agreement with Safaghat, a pioneering crowdfunding investment platform licensed by the Central Bank of Bahrain, to offer alternative financing support to micro, small, and medium-sized enterprises (mSMEs).
Tamkeen will extend its support for financing loans by covering a portion of the profits to eligible Bahraini mSMEs, helping them to raise funds from local and international consumers and investors.
These funds will be facilitated through Safaghat's crowdfunding platform, ensuring compliance with Sharia principles.
Maha Abdulhameed Mofeez, Chief Executive of the Labour Fund (Tamkeen), said, "This collaboration with Safaghat aligns perfectly with our mission to foster innovation and entrepreneurship and to stimulate high potential growth sectors such as ICT.”
Safaghat CEO, Husain Ali Sayed, added "Our alignment and compliance with Sharia laws positions us as a trusted partner, , for businesses seeking financing."
