Bahrain's Meme: A Unique Cultural Expression

Meem is the retail banking arm of the Gulf International Bank (GIB), offering digital banking services to customers in Bahrain and Saudi Arabia. Meem was launched in Bahrain in 2018 and is the first Shariah-compliant digital banking service in the region. The bank offers a range of services, including current and savings accounts, credit cards, and personal finance products, all accessible through its mobile app and online portal. Meem is owned by the governments of the six GCC countries, with the Public Investment Fund of Saudi Arabia holding a majority stake.

Meem is the retail banking arm of Gulf International Bank (GIB)

Meem is a digital bank, providing its services primarily through online and mobile banking platforms. It combines digital and traditional banking, allowing customers to open an account and onboard through multi-optional online channels. Meem also has physical stores in Bahrain and Saudi Arabia, where customers can access services such as completing the account-opening process, cash withdrawals, deposits and transfers, and account maintenance.

Meem is the first Shariah-compliant digital banking service in the region, offering innovative and straightforward financial solutions. The bank provides a unique product that combines the features of a current and savings account, with the added benefit of linking to multiple foreign currency accounts. Meem also offers a smart budgeting and saving tool, with auto-coverage and auto-sweep features, as well as a low-risk Murabaha Deposit investment option.

The Meem mobile app provides a 24/7/365 service model, allowing customers to open and manage their accounts, conduct everyday transactions, and access support services such as video contact centres, email, web chat, and social media. Meem aims to provide a simple, user-friendly, and efficient banking experience, leveraging technology to benefit customers who prefer digital solutions.

By utilising digital platforms and understanding customer needs through social media engagement, Meem has tailored its services to appeal to technophile customers while maintaining the reliability and security expected of traditional banking institutions.

It offers Sharia-compliant, non-traditional banking services

Meem is the retail banking arm of Gulf International Bank (GIB), offering Sharia-compliant, non-traditional banking services to its customers in Bahrain and Saudi Arabia. Meem was launched in Saudi Arabia in 2014/2015 and in Bahrain in 2018.

Meem is owned by the governments of the six Gulf Cooperation Council (GCC) countries, with the Public Investment Fund of Saudi Arabia holding a 97.2% stake. The bank was created with the aim of simplifying the retail banking segment, providing customers with a quick, dynamic, and unique banking experience.

As a Sharia-compliant, non-traditional bank, Meem offers a range of services that cater to the modern customer. Meem combines digital and traditional banking, allowing customers to open an account and conduct banking services through online channels. This includes a seamless account opening experience, with a minimum of manual inputs, and the ability to apply for, reissue, and block Meem cards online.

Meem's mobile app provides a 24/7/365 service model, allowing customers to open and manage their accounts and conduct everyday transactions through its online channel. The app also offers features such as video contact centre, email, web chat, and social media support. Meem's Bahrain customers can open a One Pack account, which combines the benefits of a current and savings account, with the added advantage of linking multiple foreign currency accounts.

Meem also offers innovative financial solutions such as the world's first online Shariah-compliant term deposit, available in eight different currencies. This includes partial liquidation of up to 20% of the deposit without incurring any penalties. Meem was also the first digital bank in Saudi Arabia to offer a multi-currency card. The bank provides low fees on ATM withdrawals, auto-currency detection, and a variety of currencies, including GCC, USD, EUR, and GBP.

Overall, Meem's Sharia-compliant, non-traditional banking services offer convenience, freedom of choice, and exceptional value for money to its customers in Bahrain and Saudi Arabia.

Meem combines digital and traditional banking

Meem is the retail banking arm of Gulf International Bank (GIB), combining digital and traditional banking services to provide a unique offering to its customers. Meem was first launched in Saudi Arabia in 2014 or 2015, and expanded to Bahrain in 2018. As a digital bank, Meem offers a convenient, simple, and user-friendly banking experience that is available 24/7/365. Customers can open an account and conduct transactions through multiple online channels, including a mobile app and web portal. Meem's smart onboarding application allows for a seamless account opening experience with minimal manual input. The bank also offers a variety of products and services, including credit cards, personal finance, and multi-currency accounts.

The combination of digital and traditional banking provides customers with freedom of choice and exceptional value for money. Meem's digital platform offers a wide range of features, including the ability to apply for, reissue, and block cards online, as well as link and delink foreign currency accounts. The bank also provides 24/7 customer support through phone, email, and online community channels.

Meem's traditional banking services include in-person support at their store locations, where customers can receive assistance with account-related services. Meem's stores also provide an opportunity for customers who prefer a more personal touch or have more complex banking needs. By combining digital and traditional banking, Meem caters to a diverse range of customer preferences and expectations.

Meem's approach to combining digital and traditional banking has been well-received by customers who appreciate the convenience and simplicity of its digital platform, as well as the security and personal touch of its traditional banking services. The bank's innovative use of technology and commitment to providing reliable and efficient services have made it a leading player in the region's FinTech ecosystem.

It is available 24/7 on its mobile app and web banking portal

Meem is a retail banking service in Bahrain and Saudi Arabia, offering Sharia-compliant digital banking solutions to its customers. Meem is available 24/7 on its mobile app and web banking portal, providing customers with a quick, dynamic and unique banking experience.

The app and web portal allow customers to open and manage their accounts, conduct everyday transactions, and access various services such as video contact centres, email, web chat and social media support. Meem's smart onboarding application enables a seamless account opening experience with minimal manual input, and customers can also apply for, reissue and block their Meem cards online.

The 24/7 availability of Meem's digital services means that customers can bank whenever and wherever it suits them, providing convenience and flexibility. This accessibility is a key part of Meem's offering, allowing customers to live their lives while having their banking needs met with just a click of a button.

Meem's digital banking solutions are designed to be user-friendly, efficient and reliable, ensuring that customers can manage their finances with ease. The app and web portal offer a simple and straightforward way to bank, catering to customers who appreciate the benefits of technology and the ability to bank anywhere, anytime.

In addition to its digital presence, Meem also has physical stores in Bahrain Bay (Manama), Riyadh, Jeddah and Al Dhahran, where customers can access services such as cash withdrawals, deposits, transfers and account maintenance.

Meem has stores in Bahrain Bay, Riyadh, Jeddah and Al Dhahran

Meem is the retail banking arm of Gulf International Bank (GIB), offering retail banking services to customers in Bahrain and Saudi Arabia. It is the first Shariah-compliant digital banking service in the region, providing a unique blend of digital and traditional banking. Meem has physical stores in Bahrain Bay, Riyadh, Jeddah and Al Dhahran, where customers can access a range of services.

The Bahrain Bay store, located in Manama, serves as a convenient branch for customers in the country's capital. At this location, customers can complete the account opening process, make cash withdrawals, deposits and transfers, and manage their accounts. Meem's digital platform complements these physical stores, offering 24/7/365 accessibility through its mobile app and web banking portal.

In Saudi Arabia, Meem has established a strong presence with stores in Riyadh, Jeddah and Al Dhahran. The Riyadh store, located in the GOSI Complex, serves as a central hub for customers in the city. Similarly, the Jeddah store on Prince Sultan Road offers easy access for customers in the Mecca Region. Al Dhahran, situated along the Dammam/Khobar Express Highway, conveniently serves customers in the Eastern Province.

Meem's network of stores in Bahrain Bay, Riyadh, Jeddah and Al Dhahran demonstrates its commitment to providing accessible and efficient banking services. Customers can take advantage of Meem's digital platform for round-the-clock banking or visit these physical locations for in-person assistance with their financial needs. Meem's innovative approach combines the convenience of digital solutions with the familiarity of traditional banking, creating a unique and dynamic experience for its customers.

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