News

AFAQ Cross Currency Service Welcomes its First Participants from the Banks

19-04-2021

Subject: AFAQ Cross Currency Service Welcomes its First Participants from the Banks
Today, Monday, 7 Ramadan 1442 AH, corresponding to April 19, 2021 AD, a number of Banks have joined AFAQ cross currency service, here is a list of their names:

Kingdom of Bahrain
• BAHRAIN ISLAMIC BANK
• ESKAN BANK
• NATIONAL BANK OF BAHRAIN

Kingdom of Saudi Arabia
• AL RAJHI BANK
• ARAB NATIONAL BANK
• BANK AL JAZIRA
• BANQUE SAUDI FRANSI
• THE NATIONAL COMMERCIAL BANK

AFAQ cross currency service provides several advantages to its participants to execute financial transactions in GCC local currencies, in a short period of time with low fees within a safe and stable ecosystem supported and owned by Gulf National Central banks.

News