ASAR Bahrain advised on the Bahrain law aspects of the structuring of a USD 22 million asset-backed credit facility for FLOOSS, marking Bahrain’s first private asset-backed financing structure for a fintech platform.

The transaction represents an important development in Bahrain’s private credit and fintech landscape, applying institutional, asset-backed financing structures within a Sharia-compliant framework. It reflects the increasing maturity of regulated fintech platforms supported by disciplined underwriting and long-term private capital.

This matter was led by Simone Del Nevo (Partner) with Rahul Sud (Senior Associate). ASAR advised on local law structuring and implementation of the facility, including asset-backed arrangements, Sharia-compliant risk allocation and regulatory considerations.

Congratulations to the Shorooq Partners, the FLOOSS team and all those involved in this landmark transaction.