Salman Corporation Unveiled Oman’s First Digital Trade Finance Hub

Salman Corporation, a prominent retail and distribution group in Oman, recently made a significant stride in the Sultanate’s financial landscape. In a groundbreaking collaboration with Egypt’s fintech infrastructure enabler Cassbana and Oman’s own Sharia-compliant fintech platform Mamun, the company unveiled Oman’s inaugural Trade Finance Marketplace. This innovative platform aims to revolutionize how small and medium-sized retailers manage their inventory and finances.

A New Era for Omani Trade Finance

This pioneering marketplace was meticulously crafted using Cassbana’s robust embedded credit infrastructure, designed to empower financial institutions to seamlessly integrate lending-as-a-service directly within merchant supply chains. Mamun, known for its ethical and Sharia-compliant digital lending solutions, played a crucial role by providing the necessary capital and intricate financial structuring that underpins the entire platform. This strategic alliance marks a pivotal moment for Oman, fostering a more accessible and efficient financial ecosystem for businesses.

Empowering Retailers with Seamless Solutions

A key feature introduced by the platform is a bespoke Buy-Now-Pay-Later (BNPL) solution, specifically tailored to meet the needs of small and medium-sized retailers across Oman. This innovative offering allows businesses to acquire inventory instantly, commence sales without delay, and settle payments at a later stage, effectively bypassing the often cumbersome processes of traditional banking systems. The initiative extends beyond mere transactions, focusing on cultivating enduring value for traders, suppliers, and the broader Omani market, ensuring sustainable growth and operational fluidity.

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Collaborative Vision for Economic Growth

Leaders from the partnering entities expressed their enthusiasm for this transformative venture. Mr. Mohammed Al-Tamami, Co-founder and Chief Commercial Officer at Mamun, highlighted the platform’s ability to convert everyday trade into a digitally accessible, Sharia-compliant financial opportunity, emphasizing that fintech can uplift, not just disrupt. Similarly, Mr. Haitham Nassar, Founder and CEO of Cassbana, underscored their role in building the foundational ‘rails’ for lending, enabling real-time credit decisions and collections across B2B transactions. This collaboration serves as a prime example of how embedded finance can unlock significant economic growth precisely where it is most needed within the region.

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