December 8, 2023
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Morabaha Marina partners with Tookitaki to enhance its AML Capabilities

Tookitaki, a global leader in financial crime compliance solutions, announced its strategic partnership with Morabaha Marina Financing Co., a prominent Sharia-compliant financing company based in Saudi Arabia. This collaboration aims to enhance the latter’s Anti-Money Laundering (AML) compliance management capabilities while driving operational efficiency and fostering customer trust.

Morabaha Marina Financing offers innovative financing solutions to individuals and small and medium enterprises within Saudi Arabia. The company’s commitment to fostering reliable financing partnerships aligns seamlessly with Tookitaki’s advanced technology-driven approach to financial crime prevention.

Mr. Waleed Al-Ghamlas, Executive Managing Director, at Morabaha, expressed, “Partnering with Tookitaki was a strategic decision to strengthen our AML compliance framework and provide more secure and efficient financing solutions to our customers. Tookitaki’s comprehensive suite of solutions, including Transaction Monitoring, Smart Screening, Dynamic Risk Scoring, and Case Manager, aligns perfectly with our goals of achieving regulatory compliance, operational efficiency, and customer-centric financial services.” Mr. Abhishek Chatterjee, Founder and CEO at Tookitaki, stated, “We are excited to join forces with Morabaha and support their mission of delivering innovative financing solutions while ensuring regulatory compliance and robust risk management. Our AML solutions will empower Morabaha to efficiently monitor transactions, conduct thorough screenings, and streamline customer risk assessments. This partnership exemplifies our commitment to driving financial institutions toward a safer and more secure future.”


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