Khaleeji Commercial Bank (KHCB), a leading Bahrain-based Islamic retail bank, has entered into a tie-up with top money exchange firm Nonoo Exchange, under which the latter will act as a provider for one of KHCB’s savings accounts.

The agreement will enable customers to open KHCB’s Al Waffer account at KHCB stand within the Nonoo Exchange branch in Bahrain’s Exhibition Road or top up their deposits at any of their various branches.

“We are delighted to have chosen Nonoo Exchange to be the location for our customers to purchase and enroll to the Al Waffer account,” said Fuad Taqi, deputy general manager of commercial banking at KHCB.

“KHCB will have dedicated desks within the Nonoo Exchange outlets that customers of the Al Waffer can approach to open new accounts or top up their existing investment in the Al Waffer.”

“Every month the KHCB service desk will rotate to different Nonoo Exchange office and this month it will be at the branch in Exhibition Road. Our strategy is to provide maximum outreach to the public, and Nonoo Exchange is the ideal venue because of their geographical spread and convenient opening hours,” Taqi added.

Robert Moxon, CEO of Nonoo Exchange, said: “This partnership was built upon the trust of KHCB and Nonoo Exchange such that it’s a win-win situation for both parties.”

“We’ll be able to provide top-notch services to the customers through ease of reach and convenient process with the KHCB service desks in-house. Our commitment to providing Al Waffer top up services in all our branches is part of our continued support to this business arrangement,” he concluded. – TradeArabia News Service