ABHI, a leading financial services provider in Pakistan, has received Shariah certification for its flagship wage-access product from Saudi Arabia's regulatory body. The certification, granted by the Saudi Arabian Monetary Authority (SAMA), allows ABHI to offer its services to a broader customer base, particularly in regions where Islamic finance principles are strictly observed.
The wage-access product, designed to provide immediate financial support to workers, has been adapted to meet the ethical and legal requirements of Shariah law. This move aligns with growing demand for compliant financial solutions in both Pakistan and the Gulf region. ABHI's expansion into Shariah-compliant services reflects its strategy to enhance financial inclusion and support working populations through innovative digital tools.
The certification marks a significant milestone for ABHI, reinforcing its position as a key player in the financial technology sector. With increasing cross-border collaboration in financial services, the approval opens new opportunities for ABHI to serve a more diverse clientele across South Asia and the Middle East.
