FLOOSS Bags Deloitte’s Fast 50 Awards, Eyes GCC Expansion with Sharia Edge

Mohammed Fathy

Last updated 26-04-2026

4 min

FLOOSS won Leaders and Rising Star at Deloitte’s Technology Fast 50.

It marks a third consecutive year on the region’s fast-growth list.

Awards reflect accelerated growth, scalable models and “institutional discipline”.

The firm plans expansion into Saudi Arabia and the UAE.

Backed by Bahrain’s regulator, it offers fully digital, Sharia-compliant financing.

FLOOSS is clearly on a roll. The Bahrain-based, Sharia-compliant digital consumer finance platform has picked up two awards at the fifth edition of Deloitte’s Technology Fast 50 Middle East, and not for the first time. This marks the third consecutive year the company has been recognised in the programme, which tracks some of the region’s fastest-growing tech firms.

This year, FLOOSS secured both the Leaders and the Rising Star awards under Deloitte’s Technology Fast 50 initiative covering the Middle East and Cyprus. It’s no small feat. The programme assesses companies based on growth and performance metrics, shining a light on businesses that combine scalable models with measurable market impact.

At Arageek, we often speak with founders who say consistency is the hardest part of scaling. Anyone can have a good year. Three in a row? That’s a different kettle of fish. I remember attending a fintech meetup in Manama a few years back, where the chatter was all about how difficult it was to build solid credit models while keeping things fully digital. Well… I mean, FLOOSS seems to have found a formula that works.

The Rising Star award reflects the company’s accelerated growth, fuelled by an expanding customer base and ongoing product development. Meanwhile, the Leaders award highlights the strength of its team and operational structure, pointing to a business that isn’t just growing quickly, but doing so with discipline.

Tariq Alsaffar, Chairman of FLOOSS, said the back-to-back recognition underscores the firm’s strategic focus on building a Sharia-compliant digital financing platform that blends innovation with institutional discipline and sustainable scalability. He also pointed to ambitions beyond Bahrain, particularly in Saudi Arabia and the UAE, describing them as promising markets for the company’s next phase.

That regional push is worth watching. Saudi Arabia and the UAE are fiercely competitive fintech arenas, and expansion there is no walk in the park. On the flip side, success in those markets can be a real game-changer, opening doors to larger customer pools and stronger investor interest.

Fawaz Ghazal, CEO of FLOOSS, credited the achievement to the team’s commitment to excellence and collaboration, noting that innovation remains at the heart of the company’s growth. He added that the firm is moving ahead with plans to expand its footprint in Saudi Arabia and the UAE, with the aim of replicating its Bahraini performance and offering digital financing solutions to a broader regional audience.

Founded as the first instant digital financing company in Bahrain, FLOOSS is licensed by the Central Bank of Bahrain as a financing company. It was among the early movers to introduce a fully digital, paperless model in the Kingdom, cutting out what many borrowers would describe as the usual faff of traditional financing. Applications can be submitted anytime through its mobile apps, with an emphasis on speed, transparency and clarity around customers’ financial standing.

I reckon the real test now will be how well the company balances rapid regional crescita with governance and credit discipline. Growth is exciting, yes, but fintech in this region has taught us that sustainable scaling is what truly counts. That said, three consecutive years on Deloitte’s Fast 50 list is spot on evidence that FLOOSS is doing more than just riding a wave.

For Bahrain’s wider fintech ecosystem, this kind of recognition definately sends a positive signal. It shows that homegrown platforms can compete, grow and still stick to strong regulatory and Sharia principles. And for startup founders reading Arageek and wondering whether regional expansion is worth the hassle, this case might just offer a timely nudge.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!