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Tarmeez Capital secures permit to test fintech product

The Saudi Capital Market Authority has granted Tarmeez Capital with a fintech experimentation permit to test its offering and investment on the debt instruments platform.

Tarmeez Capital

A platform licensed by the Capital Market Authority to establish a platform for offering and investing in debt instruments

Saudi Sukuk crowdfunding landscape expands with launch of new SME-focused platform

Two years after receiving a financial technology experiment permit (FinTech ExPermit) from the Saudi Capital Market Authority (CMA) in 2020, Mudaraba Financial Company (MFC) has officially launched its Sukuk crowdfunding platform, which issues Sukuk on behalf of MSMEs as an alternative financing tool utilizing capital market instruments.

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