Amlak International Finance Company

What Amlak International Finance Company does

Amlak International Finance Company is a Saudi Arabia-based, Sharia-compliant financing company headquartered in Riyadh and publicly listed on the Saudi Exchange (Tadawul: 1182). Founded in June 2007 as the first entity licensed by the Saudi Central Bank (SAMA) for financing activities, the company operates with a paid-up capital of 1,019,250,000 SAR and a workforce of 251-500 employees. Its core business is providing personal financing (up to 1.6M SAR for Saudi nationals, 500K SAR for expatriates at 23-25% APR), real estate financing under the Ijara concept (up to 5M SAR, 90% LTV, up to 30-year tenure at ~11.8% APR), and corporate/SME financing through Tawarruq and Kafalah-backed structures (10-18% APR). All products are supervised by a Sharia Committee chaired by globally recognized Islamic jurisprudence scholars.

The company runs a hybrid distribution model combining four physical branches (Riyadh HQ, two Jeddah, Khobar) with a digital channel centered on the Amlak mobile application, which has recorded 1.4M+ downloads and processed 20,000+ approved financings. The technology stack is a digital-first platform with online financial calculators, web-based product inquiry forms, and a customer service hotline (8001185000). Backend infrastructure appears conventional — Zendesk for customer support, standard web frameworks — with no disclosed AI/ML, proprietary credit models, or developer APIs.

Amlak's revenue model is built on profit margins from Sharia-compliant financing products plus administrative fees (typically 1-1.5% plus VAT) and early settlement charges. The company has secured material credit facilities from The Saudi Investment Bank (cumulative ~$700M+ across 2022, 2024, and 2026) and Emirates NBD ($66.6M in 2025), supporting a multi-billion SAR lending book. Strategic government partnerships with Kafalah (SME risk guarantee up to 90%) and the Real Estate Development Fund (subsidized home financing) embed Amlak into Saudi Vision 2030 financial inclusion initiatives. The shareholder base is diversified across Saudi financial institutions, real estate companies, and individual investors, with Sinad Holding Company holding a notable stake through its Managing Director Abdullah Al-Howaish, who chairs Amlak's board. In February 2026, long-tenured Managing Director Abdullah Turki Al-Sudairi resigned after 19 years with the company, marking a notable leadership transition during a period of rapid balance sheet expansion.

Name

Amlak International Finance Company

Legal name

Amlak International Finance Company, a Joint Stock Company

Website

https://amlakint.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Amlak International Finance Company is a Saudi-listed, Sharia-compliant financing company providing personal, real estate, and corporate/SME financing under SAMA supervision, serving Saudi nationals, expatriates, and businesses through a hybrid branch and mobile-app distribution model.

Ownership category

akta.pro rank

Product category

Islamic Consumer and Real Estate Financing

NAICS

Other Financial Vehicles (525990)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC)

Keywords

• Islamic personal finance
• Sharia-compliant lending
• Real estate financing
• Corporate Tawarruq financing
• SME Murabaha financing

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Personal Financing: Profit margin income from personal financing products with annual percentage rates ranging from 23.07% to 25.06% depending on financing amount and tenure. Maximum financing up to 1,600,000 SAR for Saudis and 500,000 SAR for expats with repayment periods up to 60 months.
2. Real Estate Financing: Profit income from property financing using Ijara concept, with financing up to 5,000,000 SAR, annual percentage rates starting from 11.80%, and repayment periods up to 30 years for ready properties.
3. Corporate Tawarruq Financing: Sharia-compliant corporate financing products with APR of 10-12%, administrative fees of 1% plus VAT, minimum 10,000 SAR. Also includes Kafalah-backed financing (Murabaha) with APR of 16-18% and 1.5% plus VAT fees.
4. Administrative Fees: Processing and administrative fees collected from financing transactions, including early settlement charges up to maximum of 3 future profit installments.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Amlak International Finance Company provides Sharia-compliant personal financing (up to SAR 1.6M for Saudis and SAR 500K for expats, tenors up to 60 months), real estate financing (up to SAR 5M with up to 90% LTV and tenors up to 30 years using Ijara), and corporate/SME financing via Tawarruq, Kafalah-backed Murabaha, and mortgage-backed structures. All products are supervised by an internal Sharia Committee and licensed by the Saudi Central Bank (SAMA), and are distributed through branches, mobile app, and website channels.

Product overview

Amlak International Finance Company operates as a Sharia-compliant financing company offering a unified portfolio of personal, real estate, and corporate/SME financing products. The core offerings include Personal Finance for individuals seeking cash liquidity with flexible repayment, Real Estate Finance for property purchase and land acquisition with financing up to SAR 5,000,000, and Corporate/SMEs Financing through Tawarruq and Kafalah program mechanisms. Digital access is provided through the Amlak mobile app (1.4M+ downloads) and online calculators. All products are supervised by a Sharia Committee and regulated by the Saudi Central Bank (SAMA).

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Finance (التمويل الشخصي) Sharia-compliant personal financing offering quick access to cash with flexible repayment plans up to 60 months, competitive profit rates, and financing up to SAR 1,600,000 for Saudi nationals and SAR 500,000 for residents, available without salary transfer.
• Real Estate Finance (التمويل العقاري) Sharia-compliant property financing for ready units, land purchase, and government-supported housing (Mulhama), with financing up to SAR 5,000,000, up to 90% LTV, repayment periods up to 30 years, and competitive profit rates using the Ijara concept.
• Corporate Tawarruq Financing (تمويل الشركات والمنشآت) Sharia-compliant corporate financing through Tawarruq (commodity-based liquidity) with APR of 10%-12%, administrative fees of 1% plus VAT, minimum financing of SAR 10,000, and a mortgage-backed variant also at APR 10%-12%, designed to support working capital, expansion, and property acquisition for businesses.
• Kafalah Program Financing (برنامج كفالة) Government-guaranteed Islamic financing program (Murabaha-based) for SMEs covering up to 90% of credit risk through the Kafalah program, with APR of 16%-18% and admin fee of 1.5% plus VAT, enabling small and medium enterprises including startups to access financing without real estate collateral.

Quantifiable outcome

• Mobile app with 1.4M+ downloads and 20,000+ approved financings
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Kafalah Program (Kafalah)coreStrategic or Co-development PartnerPartnership with Saudi Arabia's Kafalah program providing government-backed financing guarantees covering up to 90% of risk for SME loans. Enables access to underserved small and medium enterprises and encourages financial institutions to serve this sector.
• Real Estate Development FundcoreStrategic or Co-development PartnerPartnership with Saudi Real Estate Development Fund providing supported real estate financing where the fund covers 35%-100% of profit costs for eligible beneficiaries, making homeownership more accessible.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bank AlJazira: Saudi bank offering Sharia-compliant personal, mortgage, and SME financing through its dedicated Islamic banking window. Comparable consumer and SME product suite, though part of a broader banking franchise.
• Bank Albilad: Full-service Saudi Islamic bank offering personal financing, real estate mortgages, and SME products that directly compete with Amlak's offerings. Comparable Sharia-compliant product suite but operates under a full commercial banking license rather than as a non-bank finance company.
• Alinma Bank: Saudi Sharia-compliant bank offering personal financing, real estate finance, and SME products with strong digital channels. Comparable in product mix and Sharia-compliant positioning; larger balance sheet enables lower-cost funding than non-bank finance companies.
• Nayifat Finance: Saudi non-bank Sharia-compliant finance company offering personal, SME, and real estate financing products listed on Tadawul. Most directly comparable in business model, regulatory status (SAMA-licensed), and product suite to Amlak International.
• Al Yusr Leasing and Financing: Saudi Islamic leasing and financing company offering Sharia-compliant personal and SME financing products under SAMA oversight. Directly comparable as a non-bank Islamic finance peer serving similar retail and SME segments.

Emerging players

• Riyad Capital: Saudi investment bank that has expanded into consumer and real estate financing products. Comparable as a Sharia-compliant financier with growing retail exposure, though core franchise is investment banking and asset management.
• Tamlik Real Estate Finance: Smaller Saudi real estate finance company offering Sharia-compliant property financing. Comparable focus on the same niche (real estate / mortgage finance) but at a smaller scale, representing emerging competitive pressure in Amlak's strongest segment.

Others

• Saudi Real Estate Refinance Company (SRC): Saudi government-backed mortgage liquidity provider. Not a direct competitor but a critical counterparty in the Saudi housing finance ecosystem; its secondary market activity directly affects pricing and funding economics for Amlak's real estate finance portfolio.

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank in the world and dominant Saudi mortgage and personal finance provider. Significantly larger and broader in scope than Amlak, but offers directly overlapping Sharia-compliant personal, real estate, and SME financing products.
• Saudi National Bank (SNB): Largest Saudi bank by assets, formed from the merger of NCB and Samba. Offers comprehensive Sharia-compliant personal, mortgage, and corporate financing products that directly overlap with Amlak's portfolio, but at materially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Amlakint_sa
• LinkedInlinkedin.com/company/amlakint
• Instagraminstagram.com/amlakint_sa
• TikToktiktok.com/@amlakint_sa

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amlak International Finance Company