TAMEED AJEL A PARTNERSHIP THAT ADDS VALUE
Expand your horizons as a supplier, by integrating our B2B Tameed AJEL solution, an off- balance sheet financing, into your offerings and grow your business and improve your cash-flow.
Key benefits for Tameed AJEL Partners
Immediate Payout
The merchant receives the funds in his wallet immediately after the buyer has completed the payment process on Tameed Pay Later.
World-class Support
Our service is available at all times, including weekends, holidays, and after-hours, to ensure that customers can access the service whenever they need it.
Sharia Compliant
Tameed adheres to the Islamic law by facilitating Murabaha type of financing with the buyers.
Flexible and fair fees
With our Flexible Payment terms buyers can settle the amount in either 30, 60 or 90 days. Our monthly murabaha fee is >1% and our admin fees are calculated individually for each client.
Why Tameed Ajel?
Why we are the perfect financing partner for you
Personal Technical Support and Account Manager
Licensed by the Saudi National Bank (SAMA)
API-Based ProductSeamless Integration directly embedded on your platform
Banking Grade IT Infrastructure with disaster recovery, multi-cloud solution and the highest Security standards
Our streamlined process
Tameed AJEL enables our Partners to reduce the cost, and improving the partner’s cash-flow management - by allowing their Clients to be financed through Tameed
Sign up
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SIGN UP FOR free and invite your clients to apply for financing through Tameed.
Financing
Clients register and apply for financing from TameedAfter client's Application is approved, Partner gets paid early and receive a non-recourse payment from Tameed Platform
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Delivery
Partner delivers goods and issues invoices to his client in exactly the same way prior to enrollment
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Settlement
Client pays Tameed at the agreed maturity date
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Our Partners
Join our Network of Partners and offer your clients financing through Tameed
Schedule a Demo
Talk to our Partnership experts
FAQs
The Answers to most of your questions
Tameed is the first crowd debit lending platform licensed by the Saudi National Bank and is specialised in offering local SMEs that have Purchase Orders from Government agencies or Large private Companies a financing alternative other than a business loan to fund their Purchase orders.
There are no fees or costs for our Partners to join, maintain, or exit the Tameed AJEL Program.
Yes, all financing and investment operations on the Tameed platform comply with Islamic Sharia law and are overseen by a Sharia board chaired by Dr. Youssef Al-Shubaily
The financing cost is divided into two parts:
1- Administrative fees of 2.5%
2- Monthly profit rate ranging from 1% to 2%
No; the financing amount is transferred directly to the supplier or service provider -according to the company's policy.
1- Assignment of proceeds
2- Promissory notes
3- Direct deduction from the bank account
The evaluation of the financing request, and determining the profit rate, within one business day after receiving all the required documents. On average it takes around 3-5 business days for the supplier/provider to receive the funds.
Yes, you can pay off the full amount before the due date and receive the agreed upon discount in the contract.
The maximum financing duration that can be requested is 12 months, while the minimum financing duration is 3 months.