Bahrain Financing Company (BFC): Trusted Choice for Money Transfer and Currency Exchange

Introduction

With over 100 years of experience in FX and money transfer internationally, Bahrain Financing Company (BFC) is the leading Money Transfer and Currency Exchange company in the Kingdom of Bahrain. Whether you’re sending money home to your loved ones or going on holiday and need foreign currency, we have all your needs covered.

Our Group History

Establishment and Growth

BFC started in the Kingdom of Bahrain in 1917, initially trading in gold bullion. In the 1970s, we entered the remittance market, providing the growing expat community with the opportunity to send their hard-earned money home. Licensed by the Central Bank of Bahrain, we specialize in global money transfers, foreign exchange, and wholesale currency services.

Expansion and Acquisitions

In 2008, BFC became part of BFC Group Holdings W.L.L, after Bank Alkhair, the Islamic Financial Services Group, acquired a controlling stake in BFC in Bahrain, Bahrain Exchange Company (BEC) in Kuwait, and BFC Exchange Limited (formerly known as EzRemit Limited) in the United Kingdom. This acquisition marked a significant milestone in our growth.

Further Expansion

Due to our great success, BFC Group has further expanded its retail operations by opening BFC Forex & Financial Services PVT Ltd (BFC Forex) in India. Our commitment to growth and excellence continues to drive our expansion.

Shariah-Compliance and Innovations

Shariah-Compliant Company

Bahrain Financing Company is a Shariah-compliant company, ensuring that our operations adhere to Islamic financial principles. This compliance underscores our dedication to ethical and responsible business practices.

BFC Payments

In 2018, BFC Group launched BFC Payments, licensed by the Central Bank of Bahrain (CBB) as an Ancillary Service Provider with permitted activities of Card Processing and Payment Service Provider. This innovation enhances our service offerings and meets the evolving needs of our clients.

Strategic Sale

In 2022, BFC Group successfully completed the sale of its UK subsidiary, BFC Bank. This strategic move reflects our focus on optimizing our operations and expanding in key markets.

Conclusion

Bahrain Financing Company (BFC) is a trusted leader in money transfer and currency exchange services. With our extensive experience, commitment to excellence, and continuous innovation, we remain the preferred choice for clients in Bahrain and beyond. Trust BFC for all your FX and money transfer needs and experience the reliability that sets us apart.

Our Website:- www.bfc.com.com