Abdul Latif Jameel Finance

What Abdul Latif Jameel Finance does

Abdul Latif Jameel Finance (legal entity: Abdul Latif Jameel United Finance Company, DBA "ALJUF") is a closed joint-stock non-bank financial company headquartered in Jeddah, Saudi Arabia, licensed and supervised by the Saudi Central Bank (SAMA) under License No. 28/أ/ش/201412 and Commercial Registration No. 4030206631. The company is part of the broader Abdul Latif Jameel group of businesses and has offered Shariah-compliant financing programs since 1994, structured around Murabaha (cost-plus) and Ijara (lease) contracts reviewed by an internal Shariah Board.

Its product portfolio is split across two primary customer segments. For individuals, the company provides auto financing for new and used vehicles and personal cash financing (SAR 20,000 to SAR 300,000). For businesses, it offers cash financing, commercial auto/fleet financing, heavy equipment financing, assets and commodity finance, and the Bab Rizq Jameel microfinance program (SAR 100,000 to SAR 15 million). Distribution is anchored by an extensive branch network covering at least ten Saudi cities (Riyadh, Jeddah, Dammam, Makkah, Medina, Tabuk, Buraydah, Taif, Abha, Jizan) and complemented by digital self-service platforms — dedicated mobile applications for individuals and businesses, an online application portal, and electronic contract signing.

The company generates revenue primarily through interest/profit margins on financed amounts across its leasing and financing book, supplemented by administrative and processing fees (e.g., vehicle registration, ownership transfer). Its go-to-market is sales-led via the branch network, with social media (Twitter/X, Facebook, Instagram, YouTube, LinkedIn) and the website (aljfinance.com) used for top-of-funnel awareness. Recent strategic emphasis is on aligning product expansion with Saudi Vision 2030, including a November 2025 MoU with Ant International to explore fintech/embedded finance and a September 2025 participation in the SAR 1 billion Cultural Development Fund co-lending program.

Name

Abdul Latif Jameel Finance

Legal name

Abdul Latif Jameel United Finance Company

Website

https://aljfinance.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Abdul Latif Jameel Finance is a SAMA-licensed, Shariah-compliant Saudi non-bank financier offering auto, cash, heavy-equipment, and microfinance products to individuals and SMEs across Saudi Arabia via 100+ branches and digital platforms.

Ownership category

akta.pro rank

Product category

Consumer and SME Finance (Shariah-compliant)

NAICS

Sales Financing (52222)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

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

akta.pro secondary industry

Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Auto financing services
• Consumer cash loans
• Shariah-compliant finance
• Heavy equipment financing
• Microfinance enterprise lending

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Financing and Lease Income: Revenue generated from auto financing, cash financing, and equipment leasing products through interest/profit margins on financed amounts
2. Service Fees: Administrative and processing fees charged for financing services, vehicle registration renewal, ownership transfer, and other ancillary services

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Abdul Latif Jameel Finance is a Shariah-compliant financing company that provides auto financing (new and used vehicles), personal cash financing, business cash financing, heavy equipment financing, Bab Rizq Jameel microfinance, and assets & commodity finance to individuals and SMEs across Saudi Arabia. It operates through an extensive nationwide branch network and dedicated mobile applications, with products structured under Murabaha and Ijara principles and approved by an internal Shariah Board.

Product overview

Abdul Latif Jameel Finance operates as a Sharia-compliant financing company offering a comprehensive suite of products for both individuals and businesses across Saudi Arabia. The product portfolio includes Auto Financing (new and used vehicles), Cash Financing for individuals and businesses, Heavy Equipment Financing, Bab Rizq Jameel Microfinance, and Assets & Commodity Finance. All products are structured according to Islamic finance principles (Murabaha, Ijara) and are supervised by an internal Shariah Committee. The company operates an extensive branch network throughout Saudi Arabia and provides digital platforms including mobile applications for individuals and businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Bab Rizq Jameel: Microfinance product offering financing for micro-enterprises and small projects

Products and services

• Auto Financing (Individuals) Shariah-compliant auto financing product enabling individuals to purchase new and used vehicles through Murabaha or Ijara structures, offered across various vehicle brands with flexible tenure options and fixed financing percentage throughout the contract period.
• Cash Financing for Individuals Personal cash financing providing individuals with funds for personal needs in amounts ranging from SAR 20,000 to SAR 300,000, with financing periods from 12 to 60 months; requires minimum income of SAR 3,000 for Saudi citizens and no guarantor required if the amount is below SAR 100,000.
• Cash Financing for Businesses Shariah-compliant business cash financing for SMEs and enterprises requiring working capital, structured under Murabaha principles, with Bab Rizq Jameel microfinance range from SAR 100,000 to SAR 15 million requiring a guarantor.
• Business Auto Financing Shariah-compliant auto financing product for businesses and commercial fleets, enabling SMEs and enterprises to acquire vehicles through Murabaha or Ijara structures with dedicated fleet sales branches.
• Heavy Equipment Financing Shariah-compliant financing product for businesses to acquire heavy equipment, structured under Islamic finance principles and offered as part of the business portfolio across Saudi Arabia.
• Bab Rizq Jameel Microfinance Microfinance product from the Bab Rizq Jameel sub-brand providing Shariah-compliant financing for micro-enterprises and small projects, with amounts ranging from SAR 20,000 to SAR 100,000 at a 10% financing rate with a guarantor, and broader Bab Rizq Jameel facilities up to SAR 15 million.
• Assets and Commodity Finance Shariah-compliant financing product for businesses to acquire assets and commodities, structured under Islamic finance principles and offered as part of the business portfolio.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Ant InternationalcoreTechnology or Integration · 10 November 2025Abdul Latif Jameel Finance and Ant International signed an MoU to explore fintech opportunities in Saudi Arabia. The partnership focuses on digital financial services for SMEs and consumers, supporting growth of cross-border payment solutions and embedded finance aligned with Saudi Vision 2030.
• Saudi Arabia's Cultural Development FundcoreStrategic or Co-development Partner · 30 September 2025Abdul Latif Jameel Finance participates in Saudi Arabia's Cultural Development Fund co-lending product, contributing to a $270 million financing initiative for cultural projects through public-private partnerships. The program involves five leading Saudi financial institutions to expand access to flexible financing solutions across cultural sectors.

Scale indicators1 record

Recent moves2 records

Expansion highlights5 records

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank in Saudi Arabia offering consumer financing, auto Murabaha, personal finance, and SME products. Competes with ALJ Finance across most retail Shariah-compliant financing segments but operates from a deposit-funded banking base.
• Bank AlJazira: Saudi bank with a significant Islamic financing book covering personal, auto, and SME finance. Targets similar Saudi retail and business customers as ALJ Finance through a deposit-funded banking platform.
• Alinma Bank: Fully Shariah-compliant Saudi bank offering personal financing, auto Murabaha, and SME finance. Comparable Islamic product set and Saudi retail customer base, but with deposit-funding advantages over a non-bank finance peer.
• Saudi National Bank (SNB): Major Saudi banking group resulting from the NCB-Samba merger, providing a broad suite of consumer, auto, and Shariah-compliant financing products that overlap with ALJ Finance's offering across individual and SME segments.
• Riyad Bank: Major Saudi bank offering personal finance, auto financing, and SME products across conventional and Shariah-compliant structures. Overlaps with ALJ Finance on retail consumer and auto financing segments at scale.
• Banque Saudi Fransi: Large Saudi bank providing consumer finance, auto finance, and SME lending including Shariah-compliant structures. Broad incumbent competing for the same retail and small-business customers as ALJ Finance.

Direct peers

• Nayifat Finance Company: Saudi Arabia-licensed non-bank finance company offering consumer financing, auto financing, and SME products with a similar Shariah-compliant product set and branch-based distribution model — the closest direct non-bank finance peer in the Kingdom.
• National Finance Company (NAF): Saudi non-bank finance company providing consumer and auto financing under SAMA supervision. Comparable in regulatory standing, product mix, and target customer segments to ALJ Finance.

Regional players

• Dubai Islamic Bank: Largest Islamic bank in the UAE offering consumer, auto, and SME Shariah-compliant financing. Comparable Islamic product model and segment focus but primarily UAE-focused rather than Saudi.
• Abu Dhabi Islamic Bank (ADIB): Major UAE-based Islamic bank with consumer financing, auto Murabaha, and SME products. Operates a similar Islamic finance playbook to ALJ Finance but in the UAE/Gulf rather than Saudi domestic market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/aljfinance
• YouTubeyoutube.com/@AljfinanceALJUF
• Facebookfacebook.com/Aljfinance
• LinkedInlinkedin.com/company/aljunitedfinance
• Instagraminstagram.com/alj_finance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Abdul Latif Jameel Finance