Zain, a leading provider of innovative technologies and digital lifestyle communications operating in seven markets across the Middle East and Africa, announces that its “Tamam” financing services operation in Saudi Arabia has been selected as the ‘Best Personal Finance Solution’ by Entrepreneur Middle East Magazine, at its 2023 Middle East Fintech Awards event held in Dubai recently.
With the aim to increase financial inclusion in line with the Kingdom’s ‘Vision 2030’ Financial Sector Development Plan, Tamam was established in 2019 under the Saudi Central Bank’s Regulatory Sandbox program. Following 18 months of extensive proof-of-concept testing, on December 31, 2020, Tamam attained the first consumer micro-financing commercial license awarded in the Kingdom and the region to offer micro-loans via a fully digital customer experience on a mobile app.
Tamam offers the fastest response financing services in Saudi Arabia, providing individuals with the opportunity to receive Shari’a-compliant loans without physically visiting a bank location. The platform’s end-to-end application and award process takes just minutes from the time of downloading the app to the loan amount being paid out.
We are extremely proud of the work we do at Tamam in driving financial and digital inclusion across the Kingdom. We believe firmly that everyone deserves fair and equal access to financial services and take our participation in the Kingdom’s Vision 2030 Financial Sector Development Plan extremely seriously, with the aim of bringing as many individuals as possible into the digital economy.Yousef AlMusaileem, CEO, Tamam