About
Al Ansari Forex (Al Ansari Forex and Financial Services Private Limited) is licensed as an Authorised Dealer Category–II (AD II) by the Reserve Bank of India (RBI). We specialize in facilitating outward remittances across various permissible purposes in accordance with RBI guidelines. Our comprehensive service portfolio also includes the buying and selling of foreign currency for individuals, students, corporates, and wholesale clients, including money changers and banks. Under the MTSS (Money Transfer Service Scheme), we are appointed as sub-agents for Western Union, MoneyGram, and Ria Money, enabling secure and efficient international inward money transfers in India.
Al Ansari Forex (Al Ansari Forex and Financial Services Private Limited) is a proud subsidiary of Al Ansari Financial Services PJSC, Dubai, UAE – one of the leading and most respected financial services groups in the GCC region.
Our Group History
We started in the Kingdom of Bahrain in 1917, trading in gold bullion and continually growing our services when in the 1970’s we entered the remittance market, giving the fast growing expat community the opportunity to send their hard earned money home. We are licensed by the Central Bank of Bahrain and now specialise in global money transfers, foreign exchange and wholesale currency services.
In January 2009, Al Ansari Forex became part of BFC Group Holdings W.L.L, after the Islamic Financial Services Group – Bank Alkhair B.S.C © successfully acquired a controlling stake in Bahrain Exchange Company (BEC) in Kuwait, Bahrain Financing Company (BFC) in Bahrain, and BFC Bank Limited in the United Kingdom.
Since then, due to great success, BFC Group has grown its retail operations even further, opening up Al Ansari Forex & Financial Services PVT Ltd (Al Ansari Forex) in India.
In 2018, BFC Group launched BFC Payments, licensed by the Central Bank of Bahrain (CBB) as an Ancillary Service Provider with permitted activities of Card Processing and Payment Service Provider.
In 2022, BFC Group successfully completed the sale of its UK Subsidiary, BFC Bank.
Group Timeline
2024
Launch of BEC Pay App (Kuwait)
2023
BFC Pay Multi-Currency Card Launched (Travel Buddy)
2022
Successful Sale of BFC Bank
2021
Launch of BFC Pay App (Bahrain)
2020
Al Ansari Forex getting ADII license
2018
BFC Payments licensed under the Central Bank of Bahrain
2017
BFC Group celebrated 100 years of operation
2016
Launch of Bob, the BFC Buddy & Group renewed Vision & Mission
Authorisation received for a UK banking licence
2013
BFC Exchange opens its 1st branch (Malaysia)
Launch of BFC Wholesale Currency Services (UK)
2012
Al Ansari Forex started retail branch network (India)
2010
Rebrand of the business
2008
Bank Alkhair acquires controlling stake and forms BFC Group Holdings
2003
EzRemit formed (UK)
1991
BEC formed (Kuwait)
1917
Bahrain Financing Company
Our Services
Al Ansari Forex (Al Ansari Forex and Financial Services Private Limited) possesses the capability to export surplus foreign currency notes to overseas banks and financial institutions through our dedicated export center in Cochin. Additionally, we are approved by the Reserve Bank of India (RBI) to import foreign currency notes, enabling us to efficiently manage demand fluctuations—especially during peak travel and holiday seasons. We are also duly appointed sub-agents for Western Union, MoneyGram, and Ria Money under the Money Transfer Service Scheme (MTSS), allowing us to facilitate secure and reliable inward money transfers across India.
Our comprehensive product portfolio includes:
- Sale and purchase of forex banknotes
- Multi-currency forex travel cards
- Outward remittances under the AD-II license and the Liberalised Remittance Scheme (LRS) of the RBI
- Education and gold loan assistance
- Inward money transfers under the MTSS framework
Choose Al Ansari Forex for competitive exchange rates, trusted expertise, and seamless service—your reliable partner for all foreign exchange and remittance needs.
Choose Al Ansari Forex for competitive exchange rates, trusted expertise, and seamless service—your reliable partner for all foreign exchange and remittance needs.
Our Values
Integrity
Earn the trust and respect of our stakeholders
Teamwork
Realizing a shared vision
Customer Excellence
Customer is the lifeblood for our organization
Innovation
Redefine the customer experience
Social Commitments
Actively fulfill social responsibilities as a member of the community
Strategic Leadership
Moulding organization philosophies
Our Vision
To be the customers’ first choice for currency exchange and money remittance.
Our Mission
To maintain market leadership in worldwide remittance and foreign exchange services through enhanced customer experience driven by continually upgraded technology, branch network expansions and superior service levels.
FAQs
Get answers to frequently asked questions regarding our services.
Al Ansari Forex News
Check out our latest news and press releases!
Contact Us
We’d love to hear from you, so feel free to get in touch with any feedback or a query and someone from our team will get back to you.
FAQs
Get answers to frequently asked questions regarding our services.
Al Ansari Forex News
Check out our latest news and press releases!
Contact Us
We’d love to hear from you, so feel free to get in touch with any feedback or a query and someone from our team will get back to you.