Oman-based fintech Mamun is scaling up its Hong Kong operations to create stronger trade finance pathways between the Gulf region and Asia. The move is designed to connect the Gulf Cooperation Council (GCC) with China’s Greater Bay Area, simplifying cross-border working capital access for businesses.
Quick Facts
- Expanding in Hong Kong for GCC-Asia trade finance.
- Hong Kong manages 40% of its trade settlements.
- Combines digital infrastructure with Islamic finance principles.
A Two-Way Corridor to Connect Gulf and Asian Markets
Mamun is focused on developing a two-way financing corridor, moving beyond the traditional model of solely funding Gulf imports from Asia. This structure allows GCC-based buyers to source products from Hong Kong, while also giving Hong Kong businesses and financial institutions a direct channel to participate in Gulf trade opportunities.
The expansion builds on the company’s entry into the Hong Kong market earlier this year, a move supported by InvestHK. Mamun executives recently met with InvestHK representatives, including Global Head of Financial Services King Leung and Senior Vice President of Fintech Peggy Kwok, to discuss future trade finance partnerships.
Hong Kong as a Strategic Financial Hub
Hong Kong has quickly become a critical part of Mamun’s operating infrastructure. Currently, Hong Kong-based financial institutions and businesses handle approximately 40% of the company’s total trade finance settlements.
Mamun facilitates these transactions for its GCC customers using Sharia-compliant Murabaha contracts. The company anticipates this percentage will increase as it strengthens its commercial relationships throughout the region, reflecting a broader trend of Gulf financial institutions using Hong Kong as a primary gateway for Asian trade.
About Mamun
Mamun is an Omani financial technology company that provides businesses with access to Sharia-compliant working capital. The platform combines regulated digital infrastructure with Islamic finance principles to simplify trade financing for companies operating between the GCC and global markets.
Source: Fintech News UAE
