Bildnw (عاجل) provides Sharia-compliant procurement financing for businesses in Saudi Arabia, purchasing the materials contractors need and paying suppliers directly. Companies can then repay the cost over flexible terms ranging from two to twelve months, easing cash-flow pressure on construction projects. The service targets contractors, traders, and manufacturers seeking to secure projects and materials without immediate capital outlay.
Funding
Funding not disclosed
Founders
Product
Problem
Contractors and businesses in Saudi Arabia often face significant cash-flow gaps when bidding on projects or purchasing materials, as they must pay suppliers upfront while awaiting client payments. This financial strain can delay project timelines, limit the number of projects a company can take on, and restrict growth for smaller firms without access to flexible credit.
Solution
Bildnw (عاجل) offers a Sharia-compliant procurement financing solution that purchases the materials a business needs and pays the supplier directly, eliminating the need for upfront capital. The company then allows the business to repay the cost over a flexible period ranging from two to twelve months, aligning with their cash-flow cycle. This model enables contractors to accept new projects and secure materials without depleting working capital, while traders and manufacturers can maintain inventory and production continuity. The service is designed specifically for the Saudi market, ensuring compliance with Islamic finance principles and local business practices.
Target Audience
Primary customers are contractors, traders, and manufacturers operating in Saudi Arabia who need working capital to purchase materials and fulfill project orders without immediate cash outlay.
Features
- Direct payment to suppliers, removing the need for the business to front material costs
- Flexible repayment terms from two to twelve months, tailored to project cash-flow cycles
- Sharia-compliant financing structure, ensuring adherence to Islamic financial principles
- Dedicated solutions for contractors, traders, and manufacturers, addressing sector-specific procurement needs
- Enables contractors to bid on and win projects by covering material costs upfront