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September 26, 2024

Mala’a signs a Membership Agreement with Global Money Exchange

Mala’a signed a membership agreement with Global Money Exchange to utilize Huwiya (Electronic Know Your Customer) service. This service is designed to digitally onboard customers and simplify electronic customer identity verification.

This partnership is the first of its kind for Mala’a, bringing the Money Exchange sector into its membership fold.

The agreement was signed by Mr. Bassam Al Jamali, Mala’a General Manager, and Mr. Sonam Dorji, Global Money Exchange General Manager. Through this partnership, Mala’a aims to align with the Sultanate’s vision for developing financial technology, contributing to sustainable development of the nation.

Huwiya is set to revolutionize the AML and compliance requirements in the Sultanate, by enabling members to instantly access their customers’ data through a connection with public and private databases. This platform enhances efficiency, saving both time and effort for members and their customers.

This collaboration reflects Mala’a’s commitment to empowering the credit industry with innovative tools and solutions, while also fostering the growth of Oman’s fintech sector.

May 26, 2025

Mala’a Launches Employment Information Service (Huwiya Ratebi) to Enhance Lending Processes and Risk Assessment

In line with Oman’s vision for digital transformation, Mala’a is proud to announce the launch of its new Employment Information Service (Huwiya Ratebi), offering unparalleled value and exclusivity. As a separate addendum to the membership agreement, the innovative service is designed to empower financial institutions with accurate, real-time employment data to accelerate lending processes, reduce […]

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May 26, 2025

Oman Credit and Financial Information Center (Mala’a) is a partner in the launch of digital platforms for Remote Trading in the Omani capital market

As part of a national initiative to simplify and promote investment in the Omani capital market, and in collaboration with the Financial Services Authority (FSA), Muscat Stock Exchange (MSX), and Istidamah Program, Mala’a is proud to support the launch of four new Remote Trading Platforms for licensed brokerage firms. These platforms, owned by Ubhar Capital, […]

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February 19, 2025

Mashreq signs a membership Agreement with Mala’a

Mashreq, a leading financial institution in the MENA region, has officially entered into a membership agreement with Oman Credit and Financial Information Centre (Mala’a), under the foreign banks category. This agreement grants Mashreq access to a comprehensive database of credit and financial information, which will aid in making well-informed credit decisions, conducting financial capability assessments […]

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