Open your SME account for instant transfers
Begin sending funds quickly with our Shariah-compliant service, featuring transparent pricing, multi-currency support, and no hidden fees – all set up in minutes.
Instant transfers for SMEs in MENA
What is Shokran instant transfer service
Shariah-compliant transfers
Shokran’s transfer service is fully Shariah-compliant. We built it because SMEs across the region kept telling us they needed a faster, cleaner way to move money across borders without riba and without hidden charges.
No interest, full transparency
You open the platform, choose the recipient, amount, and currency, see the fee upfront, and confirm. The money usually arrives the same day, often within minutes. No interest is added—revenue comes only from the transparent fee.
A better alternative to traditional banks
Traditional banks often mean weeks of paperwork, multiple visits, unclear commissions, and transfers that take three to five business days. Many young companies are simply refused an account.
Fast and simple process
Here the process is different: standard company documents, verification within hours, multi-currency account with zero minimum balance, and payments that follow Islamic finance principles from start to finish.
Key factors of instant transfers for SMEs in MENA
In the dynamic MENA market, SMEs often face challenges like slow fund transfers, high commissions, and compliance hurdles. Shokran addresses these with key factors that make our services stand out:
Funds are processed in real time, improving cash flow and operational agility.
Every transaction respects Islamic principles, focusing on ethical investing and risk-sharing without speculation.
Manage transfers in over 20 currencies, including USD, EUR, GBP, CNY, CAD, AED, and TRY, to connect your business with global markets.
Transparent pricing ensures predictability, with accounts starting from zero balance.
Available in low-risk and select high-risk countries (check our list at shokran.io/countries), excluding prohibited activities like gambling or adult services.
These elements help your SME to overcome common pain points, such as lengthy account openings or refusals from traditional banks, through our innovative swift transaction solutions.
Made for your business
Our instant transfers work for different types of SMEs — whether you run an agency, trade goods, or sell online, managing cross-border payments or internal settlements, our service acts as a trusted partner for growth.
Healthcare and Medtech startups
Startups in healthcare use our instant cash transfer online to handle supplier payments or emergency fund allocations, supporting innovation without financial bottlenecks.
Consulting and marketing agencies
Agencies benefit from fast invoicing and reimbursements, letting you focus on creativity instead of waiting for funds.
IT & SaaS companies
For IT and SaaS firms, instant transfers streamline vendor payments and subscription collections, ensuring uninterrupted service delivery and better cash flow management.
Import and export businesses
Importers and exporters can execute B2B payments swiftly, reducing delays in supply chains and enhancing relationships with international partners.
E-commerce and online retail
Online retailers leverage instant money transfer for seamless supplier settlements and refund processing, boosting customer satisfaction and operational efficiency.
How to send instant transfers with Shokran
Getting started with Shokran is straightforward and user-friendly, with our 24/7 support ready to assist at every step.
Register your SME account online
Sign up quickly with basic business details and open a multi-currency account with no balance requirements or lengthy paperwork.
Complete KYC without Emirates ID
We simplify KYC for MENA SMEs by not requiring an Emirates ID for non-UAE residents (confirm with support). Email your documents and get verified within hours.
Add recipient details and confirm the transfer
Enter the recipient's information, select the currency, and review the transparent fees. Confirm with a click to initiate the instant transfer.
Track payment in real time
Monitor your transaction status live through our dashboard, with notifications for completion—ensuring peace of mind every time.
