Flooss secures a $22M credit facility structured by Shorooq to scale its Sharia-compliant consumer finance and expand regionally.
Bahrain-based Flooss, a Sharia-compliant digital consumer financing platform, has secured a USD 22 million credit facility to accelerate growth and expand access to compliant consumer lending solutions in the Kingdom.
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The credit facility was structured by Shorooq, an Abu Dhabi-headquartered investment firm regulated by the Financial Services Regulatory Authority (FSRA) as a fund manager.
Flooss plans to deploy the facility to scale its instant, Sharia-compliant lending offerings, strengthen its outstanding financing portfolio, and reinforce its position as a category leader in Bahrain. The company is also positioning the platform as a springboard for future regional expansion.
“This USD 22 million facility is more than just capital—it is a strong validation of our technology’s integrity and operational efficiency,” said Fawaz Ghazal, Founder and Group CEO of Flooss. “It provides the liquidity needed to execute our growth strategy, scale our portfolio, and deepen our leadership in Bahrain while preparing for expansion across the region.”
Founded in 2021, Flooss offers instant, Sharia-compliant digital financing solutions tailored to the region’s digitally active consumers. The platform leverages an AI and machine learning–powered credit engine to deliver cash financing, alongside Buy Now, Pay Later (BNPL) services and an integrated marketplace for device financing.
Flooss is licensed by the Central Bank of Bahrain (CBB), with all products certified as Sharia-compliant by Dar Al Marajaa Al Shar’ia.
According to the company, the credit facility is the first of its kind in Bahrain, marking a significant milestone for the country’s digital finance ecosystem. The transaction signals growing institutional confidence in Flooss’s underwriting framework, which the company says is backed by tight credit controls and a portfolio of high-quality financing assets.
