Bahrain based fintech Flooss has secured a USD 22 million Sharia compliant credit facility to accelerate its growth. The facility was structured by Shorooq, an Abu Dhabi headquartered investment firm. The deal marks a major milestone for consumer finance in Bahrain and supports Flooss’s regional expansion plans.A Landmark Financing Deal for BahrainScaling Sharia Compliant Consumer FinanceAI Driven Credit Decisions at the CoreRegulatory Strength and Market TrustLeadership Vision and Regional Ambitions Founded in 2021, Flooss focuses on instant digital financing for modern consumers. The company combines artificial intelligence with strict Sharia compliance to improve access to credit. A Landmark Financing Deal for Bahrain This credit facility represents the first private asset backed financing structure in Bahrain. The transaction validates Flooss’s underwriting strength and operational discipline. The facility enables Flooss to: Increase its outstanding financing portfolio Improve liquidity for daily lending operations Strengthen its position in the local market Prepare for expansion beyond Bahrain Institutional backing signals strong confidence in the company’s risk management and credit performance. Scaling Sharia Compliant Consumer Finance Flooss offers fast and fully digital consumer financing products. The platform serves digitally active users who need quick and transparent access to credit. Core offerings include: Instant Sharia compliant cash financing Buy Now Pay Later solutions Device financing through an integrated marketplace All products follow Islamic finance principles. Dar Al Marajaa Al Shar’ia reviews and certifies compliance. This structure builds trust with users and regulators alike. AI Driven Credit Decisions at the Core Technology sits at the heart of Flooss’s model. The company uses an AI and machine learning credit engine to assess risk and approve financing. This approach delivers several advantages: Faster approval decisions Strong credit controls Lower default risk High quality financing assets The engine allows Flooss to scale while maintaining discipline. It also supports consistent performance across different customer segments. Regulatory Strength and Market Trust Flooss operates under the oversight of the Central Bank of Bahrain. The license ensures strong governance and consumer protection. Key regulatory strengths include: Full compliance with CBB requirements Transparent reporting and controls Clear Sharia governance framework This regulated setup played a key role in securing the credit facility. It reassured institutional partners and structured investors. Leadership Vision and Regional Ambitions Fawaz Ghazal, Founder and Group CEO of Flooss, described the facility as a strong validation of the company’s technology and execution. He emphasized that the capital will support portfolio growth and long term leadership. Flooss plans to: Scale lending volumes responsibly Deepen product adoption in Bahrain Use Bahrain as a launchpad for regional growth The company aims to become a leading Sharia compliant consumer finance platform across the region.