Accelerating micro-finance with smartphones

Fintech Financing: Tamam App

Smartphones have revolutionized the way we communicate and access information. Businesses that once were only possible face-to-face can now take place instantaneously. One significant and special moment is being created by Tamam Financing company – a fintech that is scaling-up the micro-finance business with its renewed Tamam App.

Today, we’ve completed our certification of Tamam’s micro-lending app which is built entirely out of existing mobile technologies and aims to dramatically scale-up mobile based lending in the Kingdom of Saudi Arabia. As their Shari’a Advisor, we’ll now supervise the financing process and also ensure sharia compliance with respect to important elements of purchase, entitlement and sale of commodity trade. We hope our engagement simplifies and streamlines the micro-lending facility, as we work with Tamam Finance Company to certify and supervise more product features focused on mobile financing.

A fresh new trend in micro-finance is underway, and we’re excited to be a part of this smartphone revolution!

January 28, 2021