Tawkelat Financing

What Tawkelat Financing does

Tawkelat Financing (شركة توكيلات للتمويل) is a Saudi Arabian closed joint stock company (شركة مساهمة مقفلة) licensed by the Saudi Central Bank (SAMA) under license number 34/ash/201506 to practice Sharia-compliant financing activities. Operating from Jeddah with four regional branches (Central, Western, Eastern, and Southern), the company targets two primary segments: individual consumers seeking vehicle financing (new and used cars) and small and medium enterprises (SMEs) requiring financing for productive assets, commercial vehicles, and working capital.

The company's product suite is built around three Islamic finance structures: Ijara (lease-to-own, with profit rates from 2.99% and tenure up to 60 months), Tawarruq/Commodity Murabaha (profit rates from 10%, 12-48 month tenure), and Murabaha cost-plus sale (profit rates from 8%). All products are certified by an internal Sharia Committee and the company integrates with the SADAD national electronic payment system (payment code 195) for installment collection, plus the Tameeni insurance platform for policy management. Operational infrastructure is relatively standard for the sector: a website-based inquiry portal, downloadable PDF application forms for SME customers, and a contact center accessible via unified (920004520) and toll-free (8001240109) numbers.

Revenue is generated primarily through profit margins embedded in monthly installment flows across the three Islamic finance products, supplemented by administrative fees (0.5%, capped at SAR 2,500) and insurance-linked services. Distribution combines a four-branch direct sales footprint with two strategic channel partnerships — the Small and Medium Enterprises Bank (signed December 2022) and the Tourism Development Fund (signed December 2024) — which provide co-financing flow for SME and tourism-sector entrepreneurs respectively. The company also maintains field marketing presence through Biban Forum participation (Riyadh 2020, 2023, 2024; Eastern 2019) and the Dhahran Expo for heavy equipment and trucks (2024).

Name

Tawkelat Financing

Legal name

شركة توكيلات للتمويل

Website

https://tawkelat.sa

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Tawkelat Financing is a SAMA-licensed Saudi closed joint stock company offering Sharia-compliant vehicle and SME financing through Ijara, Tawarruq, and Murabaha products across four regional branches, serving individual consumers and small businesses in Saudi Arabia.

Ownership category

akta.pro rank

Product category

Islamic Auto Financing

NAICS

Sales Financing (52222), Sales Financing (522220)

SIC

Finance Lessors (6172), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

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

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), New & Used Auto Purchase Loans (FSAKADAA), Islamic Corporate Banking (FSABAGAC)

Keywords

• Islamic vehicle financing
• Auto lease products
• SME asset financing
• Sharia-compliant lending
• Consumer auto loans

Headquarters

HQ city

Jeddah

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. Ijara (Financial Lease): Tawkelat purchases vehicles and leases them to customers for monthly rental payments, with ownership transferred upon full payment. The company earns profit margin throughout the lease period, with a balloon (final) payment option.
2. Tawarruq (Commodity Murabaha): Financing for the purchase and sale of commodities through brokerage companies, with repayments made in monthly installments. Revenue generated from profit margin on the financing amount.
3. Murabaha (Cost-Plus Sale): Purchase of vehicles in the customer's name with repayment in monthly installments. Revenue is generated through the profit margin added to the cost price.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Tawkelat Financing provides Sharia-compliant vehicle and asset financing through three core Islamic finance products: Ijara (lease-to-own), Tawarruq (commodity Murabaha), and Murabaha (cost-plus sale). The company finances new and used vehicles for individual consumers and provides productive asset, working capital, and equipment financing to small and medium enterprises, with profit rates ranging from 2.99% to 10% depending on product and customer profile.

Product overview

Tawkelat Financing is a Sharia-compliant financing company offering a portfolio of Islamic finance products. The core offerings include three main products: Ijara (leasing with promise to own), Tawarruq (commodity-based financing), and Murabaha (deferred payment sale). The company provides vehicle financing for individuals (new and used cars) and SME financing for businesses, along with supplementary insurance services. All products are designed to comply with Islamic Sharia principles and are supervised by the company's Sharia Committee.

Differentiator

Problem solved

Functional benefit

Products and services

• Ijara Product (منتج الإجارة) - Lease-to-Own for Vehicles
• Tawarruq Product (منتج التورق) - Commodity Murabaha
• Murabaha Product (منتج المرابحة) - Cost-Plus Vehicle Sale
• Individual Vehicle Financing (تمويل الأفراد)
• SME Financing (تمويل المنشآت الصغيرة والمتوسطة)

Quantifiable outcome

• Final approval within 2-3 business days

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Two partnerships are on record, tiered core.

• Tourism Development Fund (صندوق التنمية السياحي)coreStrategic or Co-development Partner · 11 December 2024A strategic partnership between Tawkelat Financing and the Tourism Development Fund under the Financing Companies Program of the Tourism Development Enablers initiative (تمكين السياحة). The partnership aims to enable entrepreneurs by providing financing solutions through authorized financing companies, supporting the Saudi tourism sector development.
• Small and Medium Enterprises Bank (بنك المنشآت الصغيرة والمتوسطة)coreStrategic or Co-development Partner · 5 December 2022Partnership agreement signed between the Small and Medium Enterprises Bank and Tawkelat Financing to explore cooperation and provide financing solutions for small and medium enterprises. The companies met at the bank's headquarters to review existing collaborations and identify financing solutions for SMEs.

Scale indicators1 record

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Bank AlJazira: Saudi bank with a Sharia-compliant product suite including personal and SME Murabaha finance. Comparable on Sharia-driven retail/SME credit, competing for the same Saudi consumer base.
• Alinma Bank: Saudi Islamic bank offering Murabaha-based personal, auto, and SME financing. Competes head-on with Tawkelat in Islamic consumer and SME financing while offering full retail-banking services.
• Al Rajhi Bank: The largest Islamic bank in Saudi Arabia, with a sizable consumer auto finance and SME Murabaha book. Comparable through overlapping Islamic retail and SME financing products, though as part of a much broader banking franchise.
• Bank Albilad: Saudi Sharia-compliant bank with a strong auto finance and personal financing franchise and national branch network. Overlaps with Tawkelat on consumer Murabaha and Ijara-style auto financing.
• Saudi National Bank (SNB): Largest Saudi banking group with significant Islamic and conventional consumer/SME financing operations. Provides the deposit-funded benchmark against which Tawkelat's non-bank financing economics must be measured.

Direct peers

• Saudi Home Loans (SHL): Saudi specialized mortgage financing company operating under SAMA license with Sharia-compliant products. Comparable as a regulated, product-focused Saudi financing entity serving retail customers through partner and direct channels.
• National Finance Company (NFC): Saudi non-bank financing company offering consumer and SME Sharia-compliant products. Comparable footprint and product mix in the Saudi non-bank financing segment.
• Nayifat Finance: Saudi non-bank financial institution offering Murabaha, Ijara, and Tawarruq-based financing to individuals and SMEs. Closely comparable in business model, product mix (consumer and SME Sharia-compliant finance), and Saudi-centric delivery structure.
• Amlak International for Real Estate Finance: Saudi SAMA-licensed non-bank financing company focused on Sharia-compliant mortgage/real-estate finance. Comparable as a specialized, non-deposit-taking Saudi financier regulated by the same authority.

Regional players

• Emirates NBD (KSA operations): UAE-headquartered banking group with growing Saudi presence and Sharia-compliant auto/SME lending capability. Comparable regional Islamic finance orientation, though primarily competing in its home UAE market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/TawkelatFinance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Tawkelat Financing