Riyadh - Exclusive Sharikat Mubasher: Nayifat Finance Company, a leading provider of Shariah-compliant financial solutions in Saudi Arabia, is gearing up to launch its application in 2025, Sales Consultant Mohamed Eldeep told Sharikat Mubasher.

Speaking on the sidelines of the Supply Chain and Logistics Conference 2024, Eldeep announced that Nayifat plans to introduce innovative services, including e-signature, next year to enhance the customer experience.

He highlighted that the company offers a range of individual financing solutions for both Saudi citizens and residents. These include debit and credit cards with minimum limits of SAR 4,000 for Saudis and SAR 7,000 for residents.

With nearly 15 years of strong market presence in Saudi Arabia, Nayifat's portfolio encompasses individual financing, credit card financing, leasing, and loans tailored for small and medium-sized enterprises (SMEs).

Eldeep further noted that the company participated in the conference to attract new customers and expand its market presence.

Licensed by the Saudi Central Bank (SAMA), Nayifat provides financing solutions that comply with Islamic Shariah principles and adhere to the regulations and guidelines set by the central bank. Its main products are based on Tawarruq, Murabaha, and Ijara lending frameworks.

The Supply Chain and Logistics Conference 2024 convened in Riyadh on 15 and 16 December, with the participation of 100 exhibitors and more than 10 startups from over 10 countries.

It served as a dynamic platform that provides access to decision-makers in government agencies and commercial establishments and identifies investment initiatives and opportunities.

The conference gathered supply chain leaders from around the world to discuss strategies that will strengthen the Saudi economy and reinforce the Kingdom’s role as a global logistics hub linking three continents.