What Taajeer Finance does

Taajeer Finance Company (شركة التأجير التمويلي) is a Saudi Arabian Sharia-compliant non-bank financial institution headquartered in Jeddah, licensed and supervised by the Saudi Central Bank (SAMA) under License No. 46/AU/201611. Operating 37+ branches across the Kingdom, the company serves individual consumers and small and medium enterprises (SMEs) with four core product lines: cash financing (up to 3,000,000 SAR with terms up to 60 months), Islamic auto financing via Ijarah (up to 60 months), consumer financing for lifestyle purchases, and SME financing (up to 15,000,000 SAR, terms up to 36 months) structured through Ijarah, Murabah, and Tawarruq instruments. All products are positioned to remove traditional retail-banking friction: no salary transfer required, no sponsor required, and a 100% digital application process through webapp.taajeerfin.com.

The business generates revenue through recurring monthly installments and profit margins on its Islamic financing book. Distribution is hybrid: a self-serve digital application portal, a national branch network, and a POS agent and partner channel. In June 2025, the company was acquired by Alsulaiman Group — the operator of IKEA stores in Saudi Arabia and Bahrain — marking Alsulaiman's entry into financial services and reorienting Taajeer's mandate from auto-only origination toward personal, lifestyle, and SME financing. The company is governed by a board chaired by Saud Ghassan AlSulaiman (CEO of Alsulaiman Group) with a Vice Chairman from Alawwal Capital and additional directors from Qalaa Holdings, the former CEO of Saudi British Bank, and a former Alipay/Huawei fintech executive, signaling a deliberate post-acquisition professionalization of governance and digital capability.

The technology stack is described as an Islamic finance technology platform with digital application processing, and the company completed an internal ERP system transition in October 2024. The company holds a SAMA license, is registered in Saudi Arabia (CR No. 4030289565), and reports no public funding rounds, no listed equity, and no publicly disclosed revenue, portfolio size, or yield data.

Name

Taajeer Finance

Legal name

Taajeer Finance Company (شركة التأجير التمويلي)

Website

https://taajeerfin.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Taajeer Finance is a Saudi Central Bank-licensed Islamic finance company offering Sharia-compliant cash, auto, consumer, and SME financing products to individuals and small businesses across Saudi Arabia via 37+ branches and digital channels, now owned by Alsulaiman Group.

Ownership category

akta.pro rank

Product category

Islamic Consumer Finance

NAICS

Credit Intermediation and Related Activities (522), Sales Financing (52222)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

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

akta.pro secondary industry

Islamic SME & Commercial Banking (FSABAGAB)

Keywords

• Islamic financing services
• Auto leasing products
• SME business financing
• Consumer finance solutions
• Sharia-compliant lending

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 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. Auto Financing (Tajrih): Islamic auto financing through Ijarah (leasing) model, providing vehicles to customers with flexible ownership options at end of term
2. Cash Financing: Personal cash financing without salary transfer requirements, competitive profit rates, financing up to 3,000,000 SAR with repayment plans up to 60 months
3. Consumer Financing: Consumer goods and lifestyle financing products for individual customers
4. SME Financing: Business financing for small and medium enterprises with products including Ijarah, Murabah, and Tawarruq, supported by Monsha'at, financing up to 15,000,000 SAR

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Taajeer Finance provides Sharia-compliant Islamic financing products to individuals and SMEs in Saudi Arabia, including Cash Financing (up to SAR 3,000,000, 60-month terms), Auto Financing via Ijarah leasing, Consumer Financing for lifestyle needs, and SME Financing (up to SAR 15,000,000, 36-month terms) using Ijarah, Murabah, and Tawarruq structures. The company processes 100% digital applications without requiring salary transfers or sponsors and serves customers through 37+ branches and POS agents across the Kingdom.

Product overview

Taajeer Finance is an Islamic leasing and financing company operating as a unified platform offering four core product lines: Cash Financing for individuals (up to SAR 3 million), Auto Financing (Ijarah) for vehicles, Consumer Financing for lifestyle needs, and SME Financing for small and medium enterprises (up to SAR 15 million). All products are Sharia-compliant and feature digital application processes, no salary transfer requirements, and no sponsor requirements. The company was acquired by Alsulaiman Group in June 2025, expanding its portfolio to include personal, lifestyle, and SME financing alongside its existing auto financing services.

Differentiator

Problem solved

Functional benefit

Products and services

• Cash Financing (التمويل النقدي) Personal cash financing for individuals with fast approval, competitive profit rates, no salary transfer required, and no sponsor needed. Financing up to 3,000,000 SAR with flexible repayment plans up to 60 months.
• Auto Financing - Ijarah (التمويل التأجيري)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Muhide (Monsha'at)coreStrategic or Co-development Partner · 5 August 2025Muhide (Monsha'at - Saudi Arabia's Small and Medium Enterprises General Authority) collaborated with Taajeer Finance to strengthen SME trade governance and enhance SME access to financing. This partnership provides SMEs with access to Taajeer's Islamic financing products including Ijarah, Murabah, and Tawarruq.
• Alsulaiman GroupcoreStrategic or Co-development Partner · 18 June 2025Alsulaiman Group, operator of IKEA stores in Saudi Arabia and Bahrain, acquired Taajeer Finance Company in June 2025. This acquisition marks Alsulaiman Group's entry into the financial services sector, bringing retail operational expertise and brand recognition to Taajeer Finance. The acquisition aims to expand Taajeer services to include personal, lifestyle, and SME financing beyond auto loans.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Al Rajhi Bank: Largest Islamic bank in Saudi Arabia offering Murabaha-based personal, auto, and SME financing alongside deposits; competes with Taajeer's cash, consumer, and SME products but from a deposit-funded, full-service banking platform.
• Bank AlJazira: Saudi bank offering Sharia-compliant personal financing, auto, and SME products through digital and branch channels; broader depository institution but overlapping consumer finance offerings.
• Saudi National Bank (SNB): Largest Saudi bank by assets with full Islamic personal, auto, and SME finance suite; sets the incumbent benchmark on pricing, scale, and digital channels that Taajeer must compete against for Saudi retail and SME customers.

Emerging players

• Derayah Financial: Saudi fintech-adjacent platform offering Sharia-compliant investment and financing products; smaller scale than Taajeer but emerging competitor in digital Islamic retail finance.

Direct peers

• National Finance Company (NFC): Saudi SAMA-licensed finance company providing consumer, auto, and SME Sharia-compliant financing with multi-branch distribution; directly overlaps Taajeer across all four product lines.
• Emkan Finance: Saudi SAMA-licensed finance company offering consumer, auto, and home financing through digital channels and retail partnerships; operates with similar Sharia-compliant product and digital-led GTM approach.
• Tasheel Finance Company: Saudi non-bank finance company specializing in auto (Ijarah) and consumer financing for individuals; operates within the same SAMA-licensed Islamic finance category and overlapping branch footprint.
• Nayifat Finance: Saudi Arabia-licensed non-bank finance company offering Sharia-compliant personal, auto, and SME financing with similar no-salary-transfer positioning; directly comparable product set and customer segments.
• Al-Etihad Finance Company: Saudi non-bank finance company providing Sharia-compliant personal, auto, and SME products with multi-channel distribution; comparable scale and customer profile to Taajeer.
• Abdul Latif Jameel United Finance (ALJ Finance): Major Saudi auto and consumer finance arm of Abdul Latif Jameel; directly competes in Ijarah-based auto leasing and personal cash financing via dealer/POS and digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TaajeerFin
• LinkedInlinkedin.com/company/taajeerfinance
• Instagraminstagram.com/taajeerfin
• Xx.com/taajeerfin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Taajeer Finance