{"id":34368,"date":"2024-10-10T19:01:11","date_gmt":"2024-10-10T16:01:11","guid":{"rendered":"https:\/\/entarabi.com\/?p=34368"},"modified":"2024-10-10T20:47:50","modified_gmt":"2024-10-10T17:47:50","slug":"sama-licenses-fintech-consumer-microfinance-company","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/10\/sama-licenses-fintech-consumer-microfinance-company\/","title":{"rendered":"SAMA Licenses FinTech Consumer Microfinance Company"},"content":{"rendered":"<p dir=\"ltr\">The Saudi Central Bank (SAMA) announced the licensing of &#8221; BOUABA TSHIL,&#8221; a company specializing in micro-consumer financing activities, to operate using financial technologies<\/p>\n<p dir=\"ltr\">According to a report issued by SAMA, there are currently around six companies specialized in the micro-consumer financing sector.<\/p>\n<p dir=\"ltr\">As per SAMA\u2019s announcement, the total number of licensed financing companies operating in the Kingdom of Saudi Arabia is approximately 61.<\/p>\n<p dir=\"ltr\">This decision aligns with the central bank&#8217;s goals to support and empower the financing sector, enhancing the effectiveness and flexibility of financial transactions.<\/p>\n<p dir=\"ltr\">TSHIL is a digital platform that offers advanced financial solutions and accessible financing to clients.<\/p>\n<p dir=\"ltr\">It is licensed by SAMA and operates across 50 branches in the Kingdom.<\/p>\n<p dir=\"ltr\">TSHIL Financing operates in personal financing in accordance with Islamic law, installment sales, and credit cards.<\/p>\n<p dir=\"ltr\">The company has been licensed to sell credit cards by the Capital Market Authority since 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi Central Bank (SAMA) announced the licensing of &#8221; BOUABA TSHIL,&#8221; a company specializing in micro-consumer financing activities, to operate using financial technologies According to a report issued by SAMA, there are currently around six companies specialized in the micro-consumer financing sector. As per SAMA\u2019s announcement, the total number of licensed financing companies operating [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":34373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[2599,5954],"class_list":["post-34368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-sama","tag-tshil"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/34368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=34368"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/34368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/34373"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=34368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=34368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=34368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}