Oman-based fintech company Mamun is expanding its presence in Hong Kong as part of its efforts to enhance trade finance flows between Oman, the Gulf Cooperation Council (GCC), Hong Kong, and the Greater Bay Area. The company aims to facilitate two-way trade finance by connecting GCC buyers, Asian suppliers, financial institutions, and technology partners through a regulated, Sharia-compliant trade finance platform.
Earlier this year, Mamun established its footprint in Hong Kong with support from InvestHK, the government department responsible for attracting foreign investment. Since then, Mamun has deepened its market engagement, developed strategic partnerships, and increased settlement activities in the region. Currently, approximately 40 percent of Mamun’s trade finance settlements under Murabaha contracts for GCC clients are routed through financial institutions and businesses based in Hong Kong.
Mamun’s leadership recently met with key officials from InvestHK, including King Leung, Global Head of Financial Services, Fintech & Sustainability, and Peggy Kwok, Senior Vice President of Fintech. The meeting focused on further expanding Mamun’s operations in Hong Kong and enhancing collaboration on trade finance initiatives across the Greater Bay Area.
Attending on behalf of Mamun were Co-Founder and Chief Executive Officer Saleh al Tamami, Co-Founder and Chief Commercial Officer Mohammed al Tamami, and Head of Compliance Nareen al Maamary. Together with InvestHK representatives, they discussed opportunities to strengthen partnerships aimed at increasing the volume and efficiency of trade finance flows between the GCC and Asia.
Mamun’s approach leverages regulated, Sharia-compliant financing mechanisms to cater to Islamic finance requirements, positioning the company as a liaison between GCC markets and Asian trade corridors. The strategic expansion in Hong Kong is expected to bolster trade connectivity and finance accessibility in the region, in line with broader economic integration goals between the Middle East and Asia.