Tamkeen and BiSB Launch a BD 20M Portfolio To Support Medium and Large Enterprises

Under Tamkeen‘s program Tamweel+, which was launched this year, Tamkeen and Bahrain Islamic Bank inaugurated a BD 2 million portfolio to support medium and large enterprises.

This program provides Sharia-compliant financing, where Taken is going to support 70% of the annual profit rate capped at 8% on reducing balance. The financing amount range from BD 1 million to BD 2.5 million. There also other advantages such as a long term payment period, granting enterprises the freedom to use the financed amount for investment and development or local and international expansion, including export and diversification of products and activities that are related to business.

Dr. Ebrahim Mohammed Janahi, CEO of Tamkeen stated: “Tamkeen works hand in hand with its partners to achieve its objectives of meeting the needs of enterprises at their various stages of growth, in order to make the private sector a primary engine of national economy. We are pleased to expand our partnerships with banks, increasing the portfolio of Tamweel+ in cooperation with the Bahrain Islamic Bank.”

For more information, read here.

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