About Tas'heel Finance

Tasheel Finance provides Shariah-compliant banking and personal finance services, including personal loans and capital investment solutions. The company addresses the need for ethical financial products that align with Islamic principles, enabling individuals and businesses to access financing without compromising their values.

<problem> Many individuals and businesses seek financial solutions that adhere to Islamic finance principles, but find it difficult to access suitable products that align with their ethical and religious values. Traditional financing options often involve interest-based transactions, which are not compliant with Shariah law. </problem> <solution> Tasheel Finance provides Shariah-compliant financial services, including personal finance, installment sales (Baseeta), and credit cards, designed to meet the needs of customers seeking ethical and accessible financial solutions. The company leverages innovative digital solutions to offer a fast, simple, and secure experience, with fully online applications and instant approvals. Tasheel Finance's products are approved by a Shariah board, ensuring compliance with Islamic finance principles, and are offered without the need for a guarantor or salary transfer. Customers can access financing amounts up to SAR 250,000 for personal finance and credit limits up to SAR 100,000 on credit cards, with flexible repayment plans and transparent terms. </solution> <features> - Shariah-compliant financial products approved by a dedicated Shariah board - Personal finance options up to SAR 250,000 with easy installments up to 5 years - Credit cards with limits up to SAR 100,000, cashback rewards, and no annual fees for the first year - "Baseeta" installment sales program for splitting bills with flexible payment plans up to 36 months - Fully online application process with instant approval decisions - No guarantor or salary transfer required for financing - Mobile app for easy application and account management - Tap & Pay functionality with Apple Pay for credit card transactions - Cashback calculator and credit card limit/APR calculator tools available online </features> <target_audience> Tasheel Finance serves individuals and businesses in Saudi Arabia, including both Saudi nationals and expatriates, who are seeking Shariah-compliant financial products and services. </target_audience> <revenue_model> Tasheel Finance generates revenue through personal finance products, installment sales (Baseeta), and credit card offerings, charging a profit rate (Tawarruq) on credit card balances and APR on personal finance and installment sales. </revenue_model>

What does Tas'heel Finance do?

Where is Tas'heel Finance located?

Tas'heel Finance is based in Jeddah, Saudi Arabia.

When was Tas'heel Finance founded?

Tas'heel Finance was founded in 2018.

How much funding has Tas'heel Finance raised?

Tas'heel Finance has raised 80400000.

Location

Jeddah, Saudi Arabia

Founded

2018

Funding

80400000

Employees

391 employees

Major Investors

CI Capital

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Tas'heel Finance

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Executive Summary

tasheelfinance.com 20K+

Crunchbase

Founded 2018 – Jeddah, Saudi Arabia

Funding

Estimated Funding

$50M+

Major Investors

CI Capital

Team (250+)

No team information available.

Company Description

Problem

Many individuals and businesses seek financial solutions that adhere to Islamic finance principles, but find it difficult to access suitable products that align with their ethical and religious values. Traditional financing options often involve interest-based transactions, which are not compliant with Shariah law.

Solution

Tasheel Finance provides Shariah-compliant financial services, including personal finance, installment sales (Baseeta), and credit cards, designed to meet the needs of customers seeking ethical and accessible financial solutions. The company leverages innovative digital solutions to offer a fast, simple, and secure experience, with fully online applications and instant approvals. Tasheel Finance's products are approved by a Shariah board, ensuring compliance with Islamic finance principles, and are offered without the need for a guarantor or salary transfer. Customers can access financing amounts up to SAR 250,000 for personal finance and credit limits up to SAR 100,000 on credit cards, with flexible repayment plans and transparent terms.

Features

Shariah-compliant financial products approved by a dedicated Shariah board

Personal finance options up to SAR 250,000 with easy installments up to 5 years

Credit cards with limits up to SAR 100,000, cashback rewards, and no annual fees for the first year

"Baseeta" installment sales program for splitting bills with flexible payment plans up to 36 months

Fully online application process with instant approval decisions

No guarantor or salary transfer required for financing

Mobile app for easy application and account management

Tap & Pay functionality with Apple Pay for credit card transactions

Cashback calculator and credit card limit/APR calculator tools available online

Target Audience

Tasheel Finance serves individuals and businesses in Saudi Arabia, including both Saudi nationals and expatriates, who are seeking Shariah-compliant financial products and services.

Revenue Model

Tasheel Finance generates revenue through personal finance products, installment sales (Baseeta), and credit card offerings, charging a profit rate (Tawarruq) on credit card balances and APR on personal finance and installment sales.