Islamic Finance
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SABB launches first Shariah-compliant Payables Finance Solution in Saudi Arabia
The Saudi British Bank (SABB), an affiliate of UK-listed HSBC Group, has launched a Shariah-compliant supply chain finance product to support small and medium-sized firms. The Payables Finance Solution product is based on buyer risk where the seller bears the cost of discounting, the lender said in a statement.
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Click here to read the full story: Arab News