BisB Introduces Digital Drawdown Service for Revolving Financing Facilities

10-November-2026

Bahrain Islamic Bank (BisB), the leading provider of innovative Islamic financial solutions for simplifying money matters in the Kingdom of Bahrain, has launched a new digital drawdown service for corporate clients with approved revolving financing facilities, enabling them to submit and complete fund requests electronically. The solution provides faster, simpler, and more secure access to approved financing while reducing paperwork and the operational effort associated with manual processing.

The launch forms part of BisB’s continued digital transformation of corporate banking, with solutions that give businesses greater flexibility and efficiency in managing their financing requirements. The new capability provides an end-to-end digital journey from the initial drawdown request to final execution and the direct transfer of funds to the client’s account or to a beneficiary’s account.

The service supports straight-through processing (STP) and can accommodate either single-user requests or multi-level approval workflows based on each client’s predefined matrix of authority. It also facilitates the digital authorisation of commodity sale and purchase agreements associated with financing transactions, with governance and compliance controls maintained throughout the process, ensuring efficiency and Sharia’a compliance. SMS and email notifications provide updates on each request’s status, while a secure digital log maintains a complete record to support audit and compliance requirements and safeguard transaction integrity.

Commenting on the launch, Mr. Yousif Ali Engineer, Acting Chief Corporate & Institutional Banking Officer at BisB, said, “At BisB, we continue to accelerate the digitalisation of corporate banking by developing solutions around the evolving priorities of our clients. This digital financing drawdown service represents an important step in this journey, giving businesses a smoother and more efficient way to access approved facilities while upholding the governance and Sharia’a controls that underpin every transaction.”

He added: “The service offers greater speed and flexibility, making access to financing simpler for corporate clients. Its launch reflects our continued investment in innovative, Sharia’a compliant banking solutions that respond to changing business requirements.”

The drawdown service is designed to enable financial decision-makers, including business owners, CFOs and treasury specialists to efficiently manage their funding requirements. The service is available to corporate and SME clients with approved revolving financing facilities, and access on online banking platform. It demonstrates BisB’s approach to advancing a more agile digital ecosystem built around innovative Islamic financial solutions that meet the dynamic needs of Bahrain’s business community.